cwhite1001

cwhite1001

This is my recent analysis on the price trend on a log scale. It looks the momentum indicators are in a descending/declining wedge, which will need to be broken at some point. The MACD is also in a descending wedge pattern, I'm looking for a turnaround by the end of this week

cwhite1001

At the bottom of the upwards channel, could see a breakthrough of $65 and price movement towards the top of the channel