okay support line at or around .02
channel around abouts .02-.03 very roughly but illustrated in graph.
twice before its sprung below and then bounced back up off support.
have been watching closely the last week and it did dip down to 1.9 but then some buyers came out of the woodwork and the 'arm wrestle' began that i noted a few days ago with the seller/ers and the buyer/ers (jacob) were having a good go at each other.
whilst its not massive, the volume about 3 days ago which is circled in yellow is well above average. All TA manuals that ive read have said that:
* dragonfly doji indicates indecision. which is great in a downtrend as the negative sentiment is in question. you can see we had 3 in a row.
* increased and above average selling volume without actually pushing the price down indicates buyers, myself included, have stepped in (yellow circle)
@Steini hope this brightens your friday arvo and as stated if you are truly battling the dog gimme your email ill drop you a line.
cheers.
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