Last post: May 22nd. See chart.
Review: Price was struggling to break through the £10.00 round number then moved down and was approaching the support level.
Update: Price has broken through the support level and is now heading towards the 50 simple moving average.
Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities if the 50 simple moving average holds price up.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Review: Price was struggling to break through the £10.00 round number then moved down and was approaching the support level.
Update: Price has broken through the support level and is now heading towards the 50 simple moving average.
Conclusion: Price remains above the Daily 50 & 200 simple moving averages so we can still wait for long opportunities if the 50 simple moving average holds price up.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading