Trade setup:
False breakout from Sideways Channel ($0.25-$0.35) as price has fallen back under $0.35 and into that sideways trading pattern. (set a price alert).
Trend:
Neutral on Medium-Term basis and Downtrend on Short- and Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV (On Balance Volume):
Is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance:
Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, then $0.50 and $0.70.
False breakout from Sideways Channel ($0.25-$0.35) as price has fallen back under $0.35 and into that sideways trading pattern. (set a price alert).
Trend:
Neutral on Medium-Term basis and Downtrend on Short- and Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV (On Balance Volume):
Is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance:
Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, then $0.50 and $0.70.