After the heavy downtrend and a possible sell out - price should now stabilizise & gain some momentum.
so a correction move to about $25 is favoured.
RISK : a restest of the recent lows cannot be ruled out, but the next bigger move is up.
so a correction move to about $25 is favoured.
RISK : a restest of the recent lows cannot be ruled out, but the next bigger move is up.
Note
bottom building phase..anytime a push up to $25 possible.
SL $ 17.3 ( for a direct up move )
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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.