$MYX bulls are back in action.. š„šš
On 4HR TF, after a brief period of stalemate
around 1.6-1.7 level, MACD just got bullishly
crossed over.
Current price of 1.87
with over 11% increase is a testament that
buyers now have strong incentive to push
prices once again towards resistance
above at 2.05-2.3. This area of resistance
have held strong for atleast 4 times thus
far and it's hard to say if current formation
of three white soldiers bullish candles
can actually march through the unforgiving
barrier above. However we can say that for
now bulls control the driving seat and a
retracement towards 1.9-2.0 level
is not out of reach. š„š