This data is showing several things of importance.
1) All action is below all levels of resistance.
2) PSAR is down
3) MACD is converging a little
4) A Deep V formed which has usually shown me that once a spike occurs a reversal will follow.
5) This could retest at .61 and then if that fails a retest to .47 (I say the floor) may occur.
Bolinger band resistance is at .80
.47 to .61 is a good accumulation zone for Hodl.
1) All action is below all levels of resistance.
2) PSAR is down
3) MACD is converging a little
4) A Deep V formed which has usually shown me that once a spike occurs a reversal will follow.
5) This could retest at .61 and then if that fails a retest to .47 (I say the floor) may occur.
Bolinger band resistance is at .80
.47 to .61 is a good accumulation zone for Hodl.
Comment:
Holding true....patience for the accumulation.
