Price holding at the 0.5fibonacci retracement level. Still the bullish pennant flag pattern, horizontal support level at a point rejected by a wick(view the precious post for more on pennant flag petern). Volume has greatly reduced and the oscilator (STOCHASTIC RSI) is fully oversold. All signal indicates that price is currently repeating the touches on the 0.5fib leval (a strong support level), which will likely breakout.
TECHNICALS suggests that price is confluenced based on the horizontal support being maintained. A slight upside will be achieved only when price breaksout of the flag and closes outside it.
BUY: 0.00006976 ฿
SELL: 0.00007849 ฿ - 0.00008465 ฿
STOP LOSS: 0.00006038 ฿
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.