zKML looking for a 200% MoveMoving Average: The yellow line appears to be a long-term moving average, which is currently acting as support. The price has recently bounced off this line, indicating its significance.
Trend: There is a clear uptrend visible, especially in the recent price action. The price has broken past previous resistance levels and is moving higher.
Volume: Although volume isn't visible in this chart, significant upward movements often correlate with high trading volumes.
Support and Resistance: The previous high points might act as resistance. Watch for how the price behaves around these levels to gauge future movements.
Pattern: The price movement suggests a possible continuation pattern, like a flag or pennant, which usually indicates a continuation of the current trend.
Resistance Levels:
$0.30 - $0.31: The price is currently testing this resistance level, as indicated by the white line. This level aligns with previous highs and is a significant barrier.
$0.40: The next resistance level, based on previous peaks and psychological impact.
$0.50: A further significant resistance point, being a previous peak and psychological barrier.
Support Levels:
$0.20 - $0.22: The purple zone below the current price shows a strong support area where the price previously consolidated.
$0.15: Another support level marked by previous consolidation and price action, indicated by the lower purple line.
Moving Average:
The 200-period SMA (yellow line) acts as a dynamic support level. The price recently bounced off this level, indicating its significance.
MACD:
The MACD line is above the signal line, suggesting bullish momentum. The histogram also supports this upward trend.
Summary:
Current Price Action: Testing resistance around $0.30 - $0.31.
Key Support Levels: $0.20 - $0.22, and $0.15.
MACD: Indicates bullish momentum.
LETS GO!
