Weekly kinda broke out of this small triangle at the bottom of the channel. We could be heading for another leg up (a.k.a. market cycle) with $28 as first target. I chose $28 since this is 1.272 Fib level with respect to the current all time high and because it is at the upper boundary of the channel. Current all time high (~$22) was around 1.272 Fib level with respect to $18 (first all time high) as well.
Finally, MACD is about to cross bullish which, I hope, shifts momentum to bullish. Once we're breaking the channel downwards, I would be looking at previous lows (~$4) and lower.
Finally, MACD is about to cross bullish which, I hope, shifts momentum to bullish. Once we're breaking the channel downwards, I would be looking at previous lows (~$4) and lower.