As you can see, we have had numerous rejections of the 27 SMA (Daily), and with the high volume in recent days, it is likely that it can break the resistance.
On top of that, the RSI daily is also forming a reversed head and shoulder pattern.
These two indicators with the high volume point to a big explodion. According to the Fibonacci Retracement ratio, it is likely going to 1 dollar and might test the all-time high of 4 dollars within months
On top of that, the RSI daily is also forming a reversed head and shoulder pattern.
These two indicators with the high volume point to a big explodion. According to the Fibonacci Retracement ratio, it is likely going to 1 dollar and might test the all-time high of 4 dollars within months
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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.