Intermediate-term
Double top or inverse head and shoulders
~$4.75 Acting as support (A bullish sign as 75% upside with 40% downside)
Bullish case being a market bottom at $3.24, test of support followed by continuation to ~$6.75
Bearish case being a double top and continuation of the downtrend, wait for the tests before entering position.
~$4.75 Acting as support (A bullish sign as 75% upside with 40% downside)
Bullish case being a market bottom at $3.24, test of support followed by continuation to ~$6.75
Bearish case being a double top and continuation of the downtrend, wait for the tests before entering position.
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