This is just a share of my thoughts based on MA (20/50/100) analysis.
We clearly see, that MA20 is acting as a support. When candles are majorly under MA20, we see declining pattern, when MA20 acts as a support, we see rising price action. Now we have another retest of MA20 support power. If all price action continues to mess under MA20, we could see another leg down.
Please share your wisdom with community.
We clearly see, that MA20 is acting as a support. When candles are majorly under MA20, we see declining pattern, when MA20 acts as a support, we see rising price action. Now we have another retest of MA20 support power. If all price action continues to mess under MA20, we could see another leg down.
Please share your wisdom with community.