Description
⋅ Currently we are between the 61.8 and 78.6 retracements following the big move in November
The grey arrow shows that we had a Lower High formed, just barely, from the 22 June low - followed by a bullish engulfing.
And since then we have had a Weekly wick to the 78.6 again and close above.
A solid Weekly close above the $0.366 and we are away.
Coincidently, Brian Brooks said on Dec 4 that we would have regulatory clarity within 6-8 weeks, which also aligns with this price action.
twitter.com/CK113311/status/1350819315021348866?s=20
Check the next chart for a Daily triangle forming which aligns with this bias.