RE: Technical.One18 Aug 2019 00:42
on the 2 hour chart, breaking the blue down trend, the price rised for a ~30% for that day, quite incredible... there had been three tests on the support price before the breakout at this level, after breakout price often can drift... l think we did see a price drift, but the price drift was higher with very little resistance, something l have not really seen before...
...to me it looks like sellers have been exhausted below this level and therefore the buying was stronger, we often see the reverse of this... but a fact of the market is sellers make the price go down and buyers make the price go up... Monday will be interesting just from a Technical point of view with the absents of sellers below... above overhead supply could potentially be quite strong from the trapped buyers, but the balance of interactions will be interpreted by the share price.....
https://pbs.twimg.com/media/ECLF8-HXUAEM4Hx?format=jpg&name=4096x4096