After trading in the top of the pitchfork channel and consolidating on the upper boundary, it has broken to the top, formed a cup and handle, and is ready to test the resistance at 0.01, possibly the fib 1.618 at .0106.
If you look at the last major rally, there is a serious increase in volume on the uptrend, and on the handle, the volume spikes to the buyers again.
If you look at the last major rally, there is a serious increase in volume on the uptrend, and on the handle, the volume spikes to the buyers again.
Trade closed: target reached:
Not quite 0.0106, but we bounced off the 200 MA @ 0.010505.
0.0086 -> 0.010505 = 23.6% return
0.0086 -> 0.010505 = 23.6% return