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Posted On: 05/27/2020 12:53:45 PM
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If you look closely the green ascending line at the bottom of the triangle is the 200 day moving average.
Price has been bouncing off the 200 day ma as support and around 2.20 as resistance. I've been waiting for A: price to break above 2.20 and continue above the 200 day ma or B: get rejected at 2.20 and fall below. A close below roughly 2.12 will put us below the 200 ma. Bearish .... Anything above the 200 I'm bullish.
If you look closely the green ascending line at the bottom of the triangle is the 200 day moving average.
Price has been bouncing off the 200 day ma as support and around 2.20 as resistance. I've been waiting for A: price to break above 2.20 and continue above the 200 day ma or B: get rejected at 2.20 and fall below. A close below roughly 2.12 will put us below the 200 ma. Bearish .... Anything above the 200 I'm bullish.
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