After serious decline it's about time to expect some sort of pullback. I mean a drop from 310 to current prices must trigger new wave of inverstors entering the market, as low levels are attractive for those who missed out.
It's already inside demand range colored from blue to green. Overall I qualify this as buy. However we know that markets are unpredictable, hence I deduce that there is a slight chance of falling further even a little bit.
That's why there is a "safety pillow" light green Demand MA's that will reverse the market at higher chance than current DSMA.
Now it's been quite a while that price is testing white dotted support line, the longer time it takes for price WITHOUT CROSSING below the line, the higher the chances get for market reversal without another drop.
A breakout of triangular shape is the signal of thinking about long entry.
It's already inside demand range colored from blue to green. Overall I qualify this as buy. However we know that markets are unpredictable, hence I deduce that there is a slight chance of falling further even a little bit.
That's why there is a "safety pillow" light green Demand MA's that will reverse the market at higher chance than current DSMA.
Now it's been quite a while that price is testing white dotted support line, the longer time it takes for price WITHOUT CROSSING below the line, the higher the chances get for market reversal without another drop.
A breakout of triangular shape is the signal of thinking about long entry.