Still waiting to confirm support here, the price went as low as $1.78 today and managed to bounce since then, if this is the start of the reversal than we need to see $DNA starting to hold above this $1.78 level and make a series of higher highs and higher lows.
We then want it to get above the previous Fib level at $1.90 and hold above there, this is showing that it is finding a higher support level and then ultimately, when the price goes above the 50 Day MA at $2.06 and holding, this is further confirming the reversal trend.
So I hope everyone is happy with how to spot when a price holds support and what signs to look for in a reversal.......this is effectively what we talk about under every chart.
Peter Mocca
2023-09-20 02:13:34 +0000 UTCTrevor Sweetnam
2023-09-19 19:07:37 +0000 UTC