RMRK has moved horizontally forming a channel pattern, we hope to break in any direction at some point. If the news remains not only good but real, it will be reflected in the participation of investors. In that case the price would remain bullish. The retracement has been close to 61.8%. If we are guided by the theories of the projections of Fibonaci, and the volume remains stable, the price should rise an approximate of 120% of the previous rise, reaching perhaps to 0.00010 in the next movements.
Additionally, we see that the price has been directed to the upper line of the Bollinger Band, and has even surpassed it at some point. The Moving Average of the Alligator of Williams continue announcing a rise since the three, 5, 8 and 13 periods are separated and pointing to bullish. With a stable volume and taking into account that the price is playing with the Pivot point, we expect it to continue rising steadily.
Additionally, we see that the price has been directed to the upper line of the Bollinger Band, and has even surpassed it at some point. The Moving Average of the Alligator of Williams continue announcing a rise since the three, 5, 8 and 13 periods are separated and pointing to bullish. With a stable volume and taking into account that the price is playing with the Pivot point, we expect it to continue rising steadily.
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