we broke from our descending bearish channel , now we have a support above the 0.13$, if we continue to hold above it we we will see another test for the resistant level around the 0.1780$, if we broke it , the first profit taking will be around the 0.25$, and the second profit taking will be around the 0.34$ .
XELA
XELA
Comment:
it seems that the short is still heavily positioned around the 0.17$ resistant , however holding above the 0.13$, will confirm that we still have buying pressure from below , and the next time we will break that resistant, and go toward the 22$-25$+ resistant target .
