Technical Analysis: Chart Patterns: Phoenix Motor Inc. (PEV) is currently forming a Cup with Handle pattern, a bullish continuation signal. Additionally, a Bull Flag pattern may also be emerging. Handle Formation: The handle of the Cup with Handle pattern is still forming, suggesting a potential breakout. Bull Flag: The recent consolidation could also indicate...
UPDATE: $BRSH Broke out of descending triangle as expected, Also notice the Rounding Bottom pattern in the 4h TF Rounding bottom chart pattern is an indication of a positive reversal.. it needs to break above the neckline resistance level of the rounding bottom ($2.12~) and hold above it to continue in its new upward trend🔥
$PEV RSI oversold and it could bounce from the lower trendline ($2.20-2.28 range) Resistance lines stated in chart. Volume is very low.. maybe it's a good swing trade with small amount!
$PEV Bullish Pennant formation in daily TF... hold very nice above recent resistance which act now as a support🔥 Watching from a breakout from the upper line of the Pennant.
$AYRO broke the resistance level at $1.10 It could run all the way to the next resistance level at $1.6 in the coming days