- Broke the trend line , but what counts is the closing price. Still showing some fragility here.
- Bounced from the 13 D EMA
- RSI Cross Over. Bottomed?
- MacD Cross over - buyers may be looking to pick up longs in the vicinity of the trendline. If the price close below the trendline there is a case of more bearishness, but until that occurs bulls may want to actually watch for a bullish crossover instead of focusing on this bearish one.
Supports: 24.59, 22.60, 18.06
Thoughts?
- Bounced from the 13 D EMA
- RSI Cross Over. Bottomed?
- MacD Cross over - buyers may be looking to pick up longs in the vicinity of the trendline. If the price close below the trendline there is a case of more bearishness, but until that occurs bulls may want to actually watch for a bullish crossover instead of focusing on this bearish one.
Supports: 24.59, 22.60, 18.06
Thoughts?
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And if the trendline was wrong? Adjusted it on the 1H chart.
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Looks like it s holding the line.
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Looks like today might have been the trendsline's bottom. Interesting to see what happens in the next 48hs.