Support: ~6400 and ~6000
Resistance: 7200 and 7500
Cloud signals: Currently we are testing the support line of ~6400 sats . This is indicated by the Chikou Span (yellow) and previous price action. If we do not hold here, we are likely to retest the ~6000 level of support. This support is given by the Chikou span, the Kijun Sen (brown) as well as previous price action. Not shown, but TK cross on the daily xD
signals:We had a bear divergence (yellow circle, RSI: lower highs, Price: making higher highs), which lead us to where we are now. If we cross the 50 level it is likely to test the next level of support ( ~6000). I will wait to see if we find support around the 40 (previous support) I will add to my position.
Disclaimer: overall I am on the short term and long term with SUB. I plan on The news recently with the net neutrality coming into effect will be some good publicity for them and prove that there is a real use case for them if they can deliver. I heard rumors they will be featured on a major news network as well in the coming weeks, if anyone can confirm please link below. I could only find a Reddit user posting about it.
I am new to TA and looking to improve so please leave any comments or questions below.