An old resistance line coming Sep 2021 was finally broken.
I expect accumulation for a while and when the volume goes very low, I expect a bullish rally to pump it up towards $10.
For the long term: price must close above $13 to start a proper 100%+ rally. Otherwise, it's still bearish down to $4.
Link to previous chart below.
Keep your eyes out for this one, as of right now it's in murky waters, and could very well for a strong rally out of nowhere.
\\ PLEASE ZOOM IN TO SEE THE TEXT BETTER
I expect accumulation for a while and when the volume goes very low, I expect a bullish rally to pump it up towards $10.
For the long term: price must close above $13 to start a proper 100%+ rally. Otherwise, it's still bearish down to $4.
Link to previous chart below.
Keep your eyes out for this one, as of right now it's in murky waters, and could very well for a strong rally out of nowhere.
\\ PLEASE ZOOM IN TO SEE THE TEXT BETTER
Note
False break, continuing down stillTrade active
Up trend confirmed.Trade closed manually
Closing below the Stop loss limit of $7. VERY Bearish sign!
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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.