After a strong consolidation to the downside we have formed a triple MACD class A bullish divergence in the 12H timeframe, which is a very significant timeframe and where we can see negative momentumdrying out. We also have a big falling wedge which would indicate price contracction and indecission confirmed by the respected converging trendlines and low volume. Great area to buy with a high risk reawrd, and a tight SL.
Bouncng off our first ressistance area (pointed white line), possible temporal price action reversal to the downside. Probably a good area to take off some profit and to move our stop loss up.
Keeping our main target @ 0.0003280
Keeping our main target @ 0.0003280