Trade setup: Price got overbought (RSI > 70) after breaking above $0.20 and pulled back on some profit taking. Pullbacks to $0.18 area could be swing trade entry opportunities with upside potential to $0.24 near-term. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.18 (previous resistance), then $0.15. The nearest Resistance Zone is $0.20, then $0.24.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.18 (previous resistance), then $0.15. The nearest Resistance Zone is $0.20, then $0.24.