The next two weeks or so are obviously critical. Will be watching volume closely as the $1.50 level is retested. If it doesn't break out by early/mid April, I think we're looking at a substantial correction before the next big move. Not sure which is more likely, but I can say I'm not buying the ascending triangle, though it's tempting.
Still very bullish overall. Lots of variables, but I think $3-$6 is what we will be looking at come August/September.
Still very bullish overall. Lots of variables, but I think $3-$6 is what we will be looking at come August/September.
Note
Note
If you're betting on breakout above the triangle, make sure it continues to test the 1.50 level. If it starts to look lose steam, we could be headed back down:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.