On Friday, the price reached its lowest point this year at $ 31.91, but did not break the support level that formed between Oct. 30. 2020 and 02 Now 2020 it was GAP. So Friday formed Hanging Me, which opened at $ 0.04 below Thursday’s closing price. Also on Friday the closing is on the support level and on the Fib O.5 level (Fib top was 24 Feb 2021. The low was $ 23.73 this low I chose because it was the 14 Oct 2020 GAP low. It was a strong support level because after it the price moved to a new height.) All levels coincided and hanging me should inspire the price to rise or just stop the price from falling. RSI and Stoch are oversold + indicator at the oversold level formed Hanging man, this is a strong signal of a trend change. If the price opens higher tomorrow, it will confirm Hanging man and follow the positive price mood, buyers will opening short and raise the price to one of the Fib level or even higher. Also, market sentiment during the month should be positive after two weeks of bear market over which there was a big sale.
In my opinion, the price can rise to $ 56-60, it all depends on the market mood.
In my opinion, the price can rise to $ 56-60, it all depends on the market mood.