Here was the chart of yesterday :
Here is the current chart :
As you can see, the MMA50 is still in action and is playing her role as resistance/support line in the current moves.
We broke it earlier in the day but you can see we were not able to go lower. We tried on several candles but they finished all in DOJI pattern. We have now a bounce in place and for me, the MMA50 cannot be considered as has been broken in a valid way. So the UP trend is still valid for me. However, please keep a close eye on that line, because a second attempt to break it could occur and we could see an acceleration in the drop if it was happening.
I wish you massive profits,
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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