We are still within the consolidation region, with ongoing accumulation. Once the resistance line at $0.7 is broken, expect a retest before skyrocketing to $1.
It is observed that there is robust support at $0.4, coupled with a notable resistance at $0.7. There is a high probability that the $0.7 resistance level will be breached upon the next retest. Once this resistance at $0.7 is successfully surpassed, a subsequent retest is anticipated at $0.7, serving as our newfound support before initiating a decisive move...
The support line drawn confirms the movement is about to touch the $0.7 before we see another retracement.
Once there is an upward breakout from the triangle, definitely there will be a retest on 0.54 spot, but the journey to 0.7 is totally inevitable.
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