Thanks for the detailed insight. Been watching this for a couple of weeks and needed to get this informative analysis
TheSignalyst
⋅
I totally agree 🙌 good one
FlowersFor
⋅
What makes it launch strongly higher if price goes to 0.23 0.26 areas?
SALAH-LH
⋅
@FlowersFor, This is the price action
Let's see what will happen in the coming days
As I said, this is not a recommendation, it is full of risks
AFdave
⋅
@FlowersFor a W formation that occurred in the accumulation zone. it completes when it finally retraces to the neckline. which is in that area (23-25 cents). the longer times frames are coiled up. so, maybe the pattern will be invalidated and not return to that zone. but as of right now, this view looks correct. I ha e a stash of cash to jam in at 25. no way will I wait much lower than that. the bulls tend to buy this thing up fast. LOL
SALAH-LH
⋅
@AFdave, Do not risk a large amount, as the market has many better opportunities
mjjbaiocchi
⋅
expect higher levels from here, massive resistance at .324 turned from former resistance to support