We should be nearing the completion of the cycle.
If we stay on course (green channel), this could signal a bottom and trend reversal.
If we break the trend (below the green channel) and support, invalidated. Continue to next support around 0.25.
Not investment advice, do your own DD & research.
If we stay on course (green channel), this could signal a bottom and trend reversal.
If we break the trend (below the green channel) and support, invalidated. Continue to next support around 0.25.
Not investment advice, do your own DD & research.
Comment:
Broke through upper resistance. Waiting for confirmation of breakout tonight and tomorrow, onward. Expect another leg down, perhaps to .27 and then back up to around .45-.47 to consolidate.
Will be watching closely, good opportunity upon breakout when it happens.
Will be watching closely, good opportunity upon breakout when it happens.
Comment:
No confirmation.
Downtrend continuing.
Downtrend continuing.
See updated idea.