Technicals, page-873

Been awhile since I posted a chart here.


MACD: still hovering around the 0 mark. It does look like it is on a reversal to cross over the signal line. Can't be certain till more green days. will be a positive signal if it does.

RSI is sitting on 45.9. Meaning the it is no longer over sold. neutral.

The 20 day EMA is nearing the 50 day EMA. As these signals are fairly short term, can not determine a certain trend. However, it can be read to mean a steady movement.

The indicator I would like to draw everyone's attention to is the fib band.
It hit the 38.2% band @ 0.45 today. If it break through we can expect the next resistance to be at 0.54.
However, for the prospective investors, note 10 Feb 21 and 24 Feb 21. Where it hit the resistance and didn't break through and made a steady drop. Just saying DYOR.

Overall, I personally think it will break through to climb higher, as the price didn't hit the support (23.6% @0.34) before testing the resistance. Hopefully breaking through the 50% band of 0.54 this time round. Especially since ann is expected in the next 2 weeks.

However, an argument can be made that as it has hit the band, it is a good indication to sell.

Whether it will break through this week will determine whether the buyers or sellers were right.

GLTAH and DYOR