Seems like 50 cents has some iron wall defending it and now double bottom at 50 cents was established, allowing those who wanted to exit to do so (capitulation), based on the volume.
We now have made a clean reversal on the hourly.
Next targets are the launch high, which is a nice take profit target to those on long positions, but i expect overall trajectory to be higher.
We now have made a clean reversal on the hourly.
Next targets are the launch high, which is a nice take profit target to those on long positions, but i expect overall trajectory to be higher.
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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.