$GPS
$GPS IS CONSOLIDATING AFTER A STRONG PUMP! WHY?
Looking at the chart, the price has stabilized around the 0.0170 zone after a sharp breakout.
In other words, buyers are still defending the current level, but momentum is slowing down.
Looking at the recent price action, the 0.0180 area is acting as resistance, while 0.0160 is acting as support.
My expectation is that it will continue moving sideways before making the next move.
$GPS IS CONSOLIDATING AFTER A STRONG PUMP! WHY?
Looking at the chart, the price has stabilized around the 0.0170 zone after a sharp breakout.
In other words, buyers are still defending the current level, but momentum is slowing down.
Looking at the recent price action, the 0.0180 area is acting as resistance, while 0.0160 is acting as support.
My expectation is that it will continue moving sideways before making the next move.