I made this analysis about 4 hours ago during the dump. Yeah, look, it probably looks like jibberish to all the pros around. XD. But looks like we getting a pump here if the new high can surpass previous supports. A dump was inevitable, the buyers want better prices... LOL... I am sort of expecting a short down before the climb. However, based on what i have seen the past few hours is that it is finding resistance past 0.5 and below 0.45. So it may hover between those numbers for a while before it takes off.. It does seem to be creating support where i expected (the first yellow line, which indicates the highest high to the more previous low). If it starts a move to the next yellow support, you should buy, otherwise keep holding.
DO NOT TAKE MY ADVICE. I am merely learning and predicting the markets the way it makes sense to me. Perhaps others can add this jibberish to their own analysis.
Good Luck all.
DO NOT TAKE MY ADVICE. I am merely learning and predicting the markets the way it makes sense to me. Perhaps others can add this jibberish to their own analysis.
Good Luck all.