The price also exceeded 100 hours MA
- 100 hours and trend line at 0.59121
- 200 hours MA at 0.59285
The 200 hour moving average has blocked the fall for the past few hours and provides a new basis for traders. Move below and the trend line and 100 hours MA will be targeted. Stay on top of everyone, keep buyers more in control. Move below and I would expect more sales.
On a new bullish momentum, traders will observe the 0.59747 area (see the numbered red circles). This line shelters summits which go back to March 31, April 1 and April 2. Above this ceiling, traders will watch 0.6000, 0.6014, 0.6037 and the March 27 high at 0.60686.