“ For now, patience win the day and we should do nothing. The price closing below the black line, will be the signal to sell. If you want to buy, you need to wait for the bullish candlestick pattern but I do not think that this is very probable in the nearest future. „
Anticipated breakout happened one day after those words were written. Straight after that, the price created a bearish flag (red lines), which was promoting a further drop. Price Action did not disappoint and the price broke the lower line of this formation aiming lower. Currently, we are above the 0.09 USD support (blue) but it looks like this support will be broken too.

Deja un comentario

Tu dirección de correo electrónico no será publicada.