Technical reasons for the trade:
→ Divergence in /histogram and OBV
→ LOOK AT THAT OBV! Big buys coming in at these levels
→ Trading above the POC
→ Significant accumulation at these levels, VPVR comparatively thin above ~$0.50
→ Price trading within the reload zone (0.786 fib)
→ price structure
→ 1D now trading above the 200MA
Take note that this is a weekly chart. Achieving these targets will not happen overnight, however the patient look likely to be rewarded with TAT.
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