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BQXUSD @ very important level of .057!
BQXUSD is on the verge of breaking current ascending channel:
1. We're currently at a very important support level of .057 which was failed resistance in early March (before COVID drop)
2. We're still above 21 day EMA --> I can see a situation where we accumulate between EMA21 and .057 before going up again but still need to see how the price action behaves over next few days.
Either way- keep your eye close on this! I'm going to lean towards slightly bearish sentiment short term
1. We're currently at a very important support level of .057 which was failed resistance in early March (before COVID drop)
2. We're still above 21 day EMA --> I can see a situation where we accumulate between EMA21 and .057 before going up again but still need to see how the price action behaves over next few days.
Either way- keep your eye close on this! I'm going to lean towards slightly bearish sentiment short term
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