Been a while since my last post.. I was bullish as usual but not buying the top. I did mention the possibility to return to around .79 area. I was a bit off as we fell to nearly .50. I managed to top off some bags around .55.
There are multiple things in favor of a reversal in market direction on the larger timeframes. Stochastic RSI oversold and MACD cooling off. Heavy selling across May and June have consolidated towards our next set up.
The moving averages just below the current price candles could act as a very strong support. 100 day moving towards a cross above the 200 day (blue line crossing above red).
With regulatory clarity I would reckon this asset might be hard to come by...
Get them buy the tens, hundreds, or thousands while you still can...
Horizontal resistances are three major levels to watch on path to retest ath..
Not Financial Advice.
*THERE ARE ALWAYS DOWNSIDE RISKS*
There are multiple things in favor of a reversal in market direction on the larger timeframes. Stochastic RSI oversold and MACD cooling off. Heavy selling across May and June have consolidated towards our next set up.
The moving averages just below the current price candles could act as a very strong support. 100 day moving towards a cross above the 200 day (blue line crossing above red).
With regulatory clarity I would reckon this asset might be hard to come by...
Get them buy the tens, hundreds, or thousands while you still can...
Horizontal resistances are three major levels to watch on path to retest ath..
Not Financial Advice.
*THERE ARE ALWAYS DOWNSIDE RISKS*