Still watching this. I entered a swing at 7.55) stop for my risk ratio is at 7.47$. Could go lower if Course. Volume is picking up and waiting on FDa approval news. Seems to be broken from a falling wedge that has a target of upper resiatnce of larger pattern 8.30$. We need to break 8.30 and hold above for a next resiatnce of 11.60$
200 ema On 4hour and 100 ema on daily is at 8.01$
I am anticipating a breakout however markets are scary right now so it could fail.
So far this ascending triangle we have had a few breakouts of but couldn’t confirm support is around 7.74. We need to close some candles above here which would help its bullish case even more. Hope this all helps.