Illustrated shows price breaking out of a bullish flag.
It's possible for there to be a pull back lower than the pattern's resistance line (down to the yellow area shown), but that should hold as support for what could be the next impulse move toward new highs near $2.00 .
The extended area for a bear move would be the lowest gray area shown where price tested twice and bounced up around $1.27 .
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.