We have had 2 successful breakouts in this most recent run And the third formed a local top We can see this has formed a bear flag, which the downward move was 40% into it And a 40% move down would put us at the very strong S/R of 0.40 Numbers seem all too confluent to be true However, if we leave this flag I would expect a similar move, maybe it gets supports at 0.46ish though proving very strong on the recent dip TP targets should be relatively close due to volatility and high fundamental support so the market could switch, get that SL to break even ASAP!!! Wait for break down, then move back towards bottom trendline of bear flag to enter!
What is your price prediction for the end of 2021? Thanks!
InvestmentsHub
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@gmnowotarski, end of 2021 or 2020? I think in short term, coming to end of 2020 we hard bounce at 0.46 and push on well from there all things being equal
bigtig011
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i thought a bear flag had to have a pole. and you are disregarding the giant break out. but it dose look like a definite support line is about to be broken. thanks for the idea.