Just looking for an trend line break to retest the bearish move. Candles also resting on the lower Bollinger bands.
Looking for support. We are close to pre pandemic support. Doubtful it will break. interest rates in my opinion were suppressed for elections. Possibly a very good swing trade. Keep and open mind.
Just from observation only. Basic basic trend lines.
Looks like each previous touch on trend line were buys. Could easily take a buy opportunity with a stop loss at previous resistance area (red line) or hold the buy so long as your account can support.
Taking trade to last resistance of 2.25 or close earlier.
I am taking the chance here with small lot size....
Purely education post. Thought I’d share it.
Bullish divergence on the daily chart.
On the forex charts, trades can chart take a me 1 to 2 weeks to play out. Honestly have not tried trading crypto like the forex charts.
You can also see the long shadow on the candle stick that touched resistance and fell. The market continues in the same direction. I imagine...
