I would be expecting a touch again of .52-, and price staying upside .505 would be a sign of it, even if some test of .50 is still a possibility before we would go there. If we going back under .50 showing weakness, it means we are going to have more touching of the .47-.48 area.
Would not expect a long term or that much of a big drop unless we break under .46 on signs of major supply volume, which would make me expect it dipping at .40
On the longer term, I do expect it going to .54-.55 into it's next moves, but this would be only considerable at a break upside .52 on maintained demand volume.
4hours
Weekly
Monthly
Looking a the monthly I would not be surprise to see price going to the right consolidating between .50-.65 for the last months.
Idea would be updated as price moves.
Would not expect a long term or that much of a big drop unless we break under .46 on signs of major supply volume, which would make me expect it dipping at .40
On the longer term, I do expect it going to .54-.55 into it's next moves, but this would be only considerable at a break upside .52 on maintained demand volume.
4hours
Weekly
Monthly
Idea would be updated as price moves.
Trade closed: target reached