Price very oversold
We Might see a reversal at this key demand zone.
Long downtrend with large accumulation then a sudden spike in volatility.
Something going on with this one. Possible new product release or along that lines.
Maybe worth a long term buy to 200 EMA at least.
Target on the graph.
2 setups ,
A.) Daily Close < 7.20 = Sell
B.) Daily Close > 8.80 = Buy
i prefere setup A (Sell), the resitnance + ema + Trendline @ 8.00 is very strong,