We can use this yellow line as a supporting line as it's shown significant price actions in the past.
0.67 could be a good position to open an order. If the market opens and the price goes down to this level I will open a long order.
What I'm afraid is the price will make a large gap going up or start with a huge bullish candle when the market opens
because technically the price has gone down quite low enough in MACD (TFWEEK) and CCI has formed bearish divergence already in TFDAY
so it could go up at any time now.
0.67 could be a good position to open an order. If the market opens and the price goes down to this level I will open a long order.
What I'm afraid is the price will make a large gap going up or start with a huge bullish candle when the market opens
because technically the price has gone down quite low enough in MACD (TFWEEK) and CCI has formed bearish divergence already in TFDAY
so it could go up at any time now.
