PENTA hitting Strong Resistance at 4

Apr 12, 2020

10 April.
PENTA advance 35% since first BoD on GREEN FiFT.
Resisted by psychological resistance at 4
which is also confluence to Fibo 0.5, EMA50 and EMA200.

PENTA closes below lowest of last 2 lows of bearish HARAMI candles.
FiFT still GREEN but is Overbought.

Doji formed at EMA50 on Weekly chart
indicating that Bull and Bear is fighting.
However, downward pressure is high.
Potential support area is 3.2

Stay aside for now.
UNLESS Penta is able to break above 4 with strong volume.

Apr 25, 2020

Note

No trade. level 4 remain strong resistance.

May 1, 2020

Note

Fast Turtle Buy with strong volume on Thursday 29 April..
Price continue to advance and Slow Turtle Buy appears on following day with above average volume 6M
+4.4% since fast turtle buy signal.

Managed to stay above 4 this week.
ATOM buy appears.