Laquisha

NCASH - Support and Resistance channel forming

Following on from the last publication, the H&S trend reversal was rejected and the price is consolidating between two clearly defined support and resistance lines, with the RSI also showing a support level. Long wicks on the support level indicate a failed attempt at price reduction, however diminishing volume is witnessed, an increase in volume is required to substantiate a breakout of the resistance level.

Will update once a clear breakout has occurred in either direction.
Penafian

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