Price has topped out in overbought territory, above the upper band of the
Pitchfork. It is now seeking support by the median line/Yearly R3/Monthly R2
and the Kijun Sen (White equilibrium line).
Chances are we will see a bounce from here if price closes above the
Kijun Sen (0,064422). If a close below this level and a close below
previous lows at 0,0609, chances are good for a drop further towards
the 1st quartile and the Monthly R2 at 0,05573 following the momentum
and the bearish MACD cross.
Bulls would like a close above the Tenkan Sen (red line) and the 3 quartile
or at least above the Kijun Sen.
Pitchfork. It is now seeking support by the median line/Yearly R3/Monthly R2
and the Kijun Sen (White equilibrium line).
Chances are we will see a bounce from here if price closes above the
Kijun Sen (0,064422). If a close below this level and a close below
previous lows at 0,0609, chances are good for a drop further towards
the 1st quartile and the Monthly R2 at 0,05573 following the momentum
and the bearish MACD cross.
Bulls would like a close above the Tenkan Sen (red line) and the 3 quartile
or at least above the Kijun Sen.