As you can see on the chart we have the following bullish setup:
1. Holding support on the $18 Support 2. Engulfing weekly candle 3. Holding the support of the bottom of the channel 4. Bullish divergence on the RSI 5. StochRSI crossed from a low read
Invalidation (STOP LOSS): Weekly candle close below $18.8
Targets:
1st: $35 (previous highs) 2nd: $50 (around previous ATH) 3rd: $180 or if you see bearish divergence on the weekly.
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