Basic Support and Resistance Analysis
The chart speaks for itself... what do you think?
I see there isn't really much resistance to break approaching 1$... However, I do also think it would need a right combination of elements for it to truly break to the upside, with momentum and volume, I do think a breakout above this prices won't be slow and steady but instead sudden and unexpected. In addition to that, nearing support isn't also much, so it would be interesting to see if these long term support levels are broken.
I see there isn't really much resistance to break approaching 1$... However, I do also think it would need a right combination of elements for it to truly break to the upside, with momentum and volume, I do think a breakout above this prices won't be slow and steady but instead sudden and unexpected. In addition to that, nearing support isn't also much, so it would be interesting to see if these long term support levels are broken.
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