Price around 0.02 provides good support for . Additionally, it broke out from pattern with vol confirmation in 1 chart. However, breakout seems to be not much strong and met with some selling pressure. At present 1 and 4 is approaching towards overbought zone and supplemented with selling pressure makes price action in to retracement zone. As long as the price stays above 0.022, it has got a very good chance to push upwards towards and would be interesting to see the reaction.
The Strategy is to buy as close as possible to 0.022 with SL around 0.021. Further targets are per the shown by Red zones.
Published at Sat, 12 Jan 2019 14:38:13 +0000