Falling wedges tend to break upward and retrace back up 80%. We are in multiple multi-year falling wedges with strong momentum building up, indicating a bottom has been set. The RSI along with MA 50 and 200 crossing coming soon indicates that we are bullish. Then, we will have to make 4 touches and make our way to 65 cents.
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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.