Today's move is nice to see everyone, but we're still looking at a lower high on a macro level since Dec 2018.
That may not seem macro to some investors, which is fine, but it's still important to note in regards to charting. All information helps, especially in hindsight when trying to learn new trading methods, I guess I'm speaking for myself.
Anyway, a follow up news release may still be required to prevent the shorts from playing whack a mole.
For a meaningful higher low I'd say the safest area is above the Dec low, and that's where we have a recent lower high as well. If we can get up to 47c in the next few trading sessions it would be a nice V shape recovery.
Time will tell per usual.
That may not seem macro to some investors, which is fine, but it's still important to note in regards to charting. All information helps, especially in hindsight when trying to learn new trading methods, I guess I'm speaking for myself.
Anyway, a follow up news release may still be required to prevent the shorts from playing whack a mole.
For a meaningful higher low I'd say the safest area is above the Dec low, and that's where we have a recent lower high as well. If we can get up to 47c in the next few trading sessions it would be a nice V shape recovery.
Time will tell per usual.
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