MQG seems to be struggling to break out of the bear momentum established over the whole market.
The run from the low of $85 to the recent high of $102ish attempted to pierce the longer band of GMMAs, but has been rejected. This rejection occured just a little above the 0.382 fib retracement line. Note this is also the support found in December 2018 turning into resistance.
Note also that OBV would appear to be downtrending with a LL formed to coincide with the test of the fib/GMMA/resistance point.
This idea would become invalid if price can exceed the 0.382 fib level and find support, in so doing breaking into the long GMMA band
The run from the low of $85 to the recent high of $102ish attempted to pierce the longer band of GMMAs, but has been rejected. This rejection occured just a little above the 0.382 fib retracement line. Note this is also the support found in December 2018 turning into resistance.
Note also that OBV would appear to be downtrending with a LL formed to coincide with the test of the fib/GMMA/resistance point.
This idea would become invalid if price can exceed the 0.382 fib level and find support, in so doing breaking into the long GMMA band
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.