Support seems to have been established at 0.43. We have broken out above BB with heavy volume, and the volume profiler indicates that we are entering an area of low interest. The bullish breakout should have enough momentum to carry through the low volume node area and to our first level of resistance (and target) at 0.55. A break above this level could take us to...
CRNT has shown a nice rally and is currently hovering below resistance at 3.00. The range from 3.00 to 3.20 is an area of low volume, and so a break above resistance could bring us to 3.20 and beyond. RSI has also cooled down, and the chart seems to suggest a reversal in place.
Waiting for volume to bring us above 3.
