closing above 3$ will set up this pattern with a 5$ target and stop-loss set less than 1.98. We can also see the volume increasing in the last few weeks. Above 3$ we will get an uptrend after a very long time of a downtrend.
Target reached and today we got a reversal candle so it seems we gonna see a correction.. The price can drop to 3.5-2.5.
lkhokalay
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@TheTradeRon, does the theory 3.5-2.5 still holds good after todays run-up ?
TheTradeRon
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We saw 3.8 today and its hard too say for now where are we heading from here, But i am watching from the outside..if we will see a correction i will join again maybe.