Last post: July 28th 2019. See chart.
Review: Price was trending up nicely and was above the 50 simple moving average.
Update: Since then price has moved down through the 50 simple moving average and is heading towards the £20 round number.
Conclusion: We need to see if any support levels will hold price and help it reverse back to the upside. Otherwise, we may still see further moves to the downside.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Review: Price was trending up nicely and was above the 50 simple moving average.
Update: Since then price has moved down through the 50 simple moving average and is heading towards the £20 round number.
Conclusion: We need to see if any support levels will hold price and help it reverse back to the upside. Otherwise, we may still see further moves to the downside.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
