Very messy daily chart, most won't like it but I run through how I've done it.
- Horizontal lines indicate the weekly ema & ma levels as they stand now - Purple (200ma), red (200ema), teal (100ema), blue (50ema)
- Fib retracement from the last "CD" leg of the downtrend
- Fib retracement from the start of current move to first pull back, easier to see on hourly so I'll post that too
What I'm seeing is the weekly 200ema and 100ema along with the 0.382 fib level from the last leg of downtrend along with the 4.854 fib level of the current move all converging at 14.5-15c. This also coincides with a previous resistance level defined by the candle sticks themselves. If the price gets to this point I'd expect some considerable resistance. If it breaks through there then I would pretty much guarantee some heavy selling where the 0.5 Fib level of the last leg of downtrend and the 200ma converge at 17.5c-18c.
I'm pretty new to all this stuff so take it with a grain of salt. Constructive criticism welcome from any who actually know what they are doing haha
Daily chart:
1hr chart showing a close up of how I did my Fib:
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Very messy daily chart, most won't like it but I run through how...
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5.2¢ |
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Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.2¢ | $216.1K | 4.106M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 1854997 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 382882 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 1694499 | 0.052 |
37 | 4870470 | 0.051 |
51 | 4160179 | 0.050 |
17 | 2263068 | 0.049 |
19 | 954663 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 282882 | 3 |
0.054 | 2751851 | 4 |
0.055 | 1611272 | 15 |
0.056 | 2792035 | 11 |
0.057 | 700330 | 7 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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