N wave with E, N & NT projection.
The current price is at MYR 0.270, sitting below the Kumo, which suggests bearish momentum. The price recently attempted to break above the Kumo but was rejected, indicating the cloud is acting as a significant resistance level.
If the price breaks above the 0.285 level with strong volume. This would indicate the price has the potential to reach the N and E targets.
R - 0.285
S1 - 0.25
S2 - 0.23
Note:
1. Analysis for education purposes.
2. Trade at your own risk.
The current price is at MYR 0.270, sitting below the Kumo, which suggests bearish momentum. The price recently attempted to break above the Kumo but was rejected, indicating the cloud is acting as a significant resistance level.
If the price breaks above the 0.285 level with strong volume. This would indicate the price has the potential to reach the N and E targets.
R - 0.285
S1 - 0.25
S2 - 0.23
Note:
1. Analysis for education purposes.
2. Trade at your own risk.
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