Still holding uptrend here, up from the support hold at 3.50$ as initially thought. Big resistance here shown by blue line at 4.30 region. A breakout from this point will most likely lead to 5$ in the short term. Or else it will most likely turd down and test the 3.5$ region again. The second scenario involving the failed breakout (red line) will cause a great loss of momentum and my shift the sentiment over to bearish. Still long for now
Note
zoomed in now on short term graphs, looks like a breakout attemptNote
strong bid for breakout:Note
all that is missing is the volumeNote
nice big volume spikes accompanied by large green candles. Looks good Note
full fledged breakout. Very nice follow through and strong volume.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.