I'm not sure about this one either, but I would say that it's going down. Take this one with a big grain of salt please.
Actually found some really good looking pattern (a circular Fibonacci) which it just broke up from. But I erased that because of the bearish outlook of the moving averages. Instead I put it in this larger perspective with the bearish implication taken into account. So it looks like I just draw this randomly and that it took like 30 seconds to do but I actually put like 20-30 min analyzing this (because it's a bit fun). And to not feel that that was a total waste of time - here's the result. Ta-da!
Actually found some really good looking pattern (a circular Fibonacci) which it just broke up from. But I erased that because of the bearish outlook of the moving averages. Instead I put it in this larger perspective with the bearish implication taken into account. So it looks like I just draw this randomly and that it took like 30 seconds to do but I actually put like 20-30 min analyzing this (because it's a bit fun). And to not feel that that was a total waste of time - here's the result. Ta-da!
Comment:
Ignore those moving averages you see on the chart, that's not the ones I'm talking about in the text above...
Comment:
Moving up... I see a big big resistance at $1.00
Comment:
Major resistance at $1.00
Marked with fat red line in the chart below.
Marked with fat red line in the chart below.
Comment:
See...