We should be nearing the completion of the cycle.
If we stay on course (green channel), this could signal a bottom and trend reversal.
If we break the trend (below the green channel) and support, invalidated. Continue to next support around 0.25.
Not investment advice, do your own DD & research.
If we stay on course (green channel), this could signal a bottom and trend reversal.
If we break the trend (below the green channel) and support, invalidated. Continue to next support around 0.25.
Not investment advice, do your own DD & research.
Note
There will be heavy resistance upward about where the trend line is, and again around 0.42. Downward resistance at .025 (perhaps a wick touch off of 0.22).See updated idea.
Note
Broke through upper resistance. Waiting for confirmation of breakout tonight and tomorrow, onward. Expect another leg down, perhaps to .27 and then back up to around .45-.47 to consolidate. Will be watching closely, good opportunity upon breakout when it happens.
Note
No confirmation. Downtrend continuing.
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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.
Related publications
Disclaimer
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.