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not much to say here. dbl bottom is forming nicely as expected from last analysis and great volume today. im looking for big upward movement to start after daily close (UTC time frame) within the first 2-4 hrs. all that needs to happen is a break above the downtrend. this move out of the dbl bottom will definitely hit $.80 if it shoots up with a parabolic move imho...
im watching the next 4-6 hours to break the down trend with a dbl bottom pattern. if broken there is enough momentum to reach .42 by tomorrow. if you notice also this pattern is resetting for another run... look closely...im calling $1 by monday june 17th. why not?!!!
looking at the Day chart we see that we finally broke above the descending trendline on May 11th..
Short term outlook:
too stay bullish in the short term(days). we must stay moving upward inside the inner trendline within the forming Bullish Flag..
Long Term outlook:
as long as we stay inside of this forming Bullish Flag we are still bullish