Been watching this price action for a while. Here are the key price action indicators that I've been watching.
1. Price retests the previous high at 0.69895. I do not see a breach above.
2.Price makes another test and fails to close above this high.
3. Price establishes a support or relative low at 0.68880.
Right now, we're seeing price breach through this daily support. Momentum seems to be picking up to the downside as we speak.
1. Price retests the previous high at 0.69895. I do not see a breach above.
2.Price makes another test and fails to close above this high.
3. Price establishes a support or relative low at 0.68880.
Right now, we're seeing price breach through this daily support. Momentum seems to be picking up to the downside as we speak.
Note
Here's the hourly timeframe.Note
Decent hourly move into the end of week close (Friday):
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.