I know very little on technical analysis because I don't use it but theres a poster that dose.... Good Luck
"For those that know me, I trade strictly on TA. I don't care anything about fundamentals.
I recommended to take a half position at .09 and if support at .075 presented itself, that it would be a good place to fill the rest of your position.
Today's Dragon fly doji candle suggests a trend reversal.
The reversal implications of a dragon fly doji depend on previous price action and future confirmation. The long lower shadow provides evidence of buying pressure, but the low indicates that plenty of sellers still loom. After a long downtrend, long black candlestick, or at support
, a dragon fly doji could signal a potential bullish reversal or bottom.
In summary: the charts are signalling a bottom.
Happy Trading all,