NNDMOn 16th April, the price action was bullish with a spike in the traded volume. Now I can't say for sure, but if it breaks the resistance shown with the black line at points A or C, the bullish reversal may be on the way real soon. But if it breaks the support at $6.68 at point B and $6.27 (orange dashed line), the next support will be at $5.35. So I guess we just have to wait and see how it will all play out.
This is not in any way financial advice.
*The solid blue lines are Fib retracement lines
**The dashed orange lines are Volume profile
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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.