Which way do we think it will go?
The weekly fib used to call the move up to $0.75 on Monday is still valid and we are now consolidating on the 61.8.
A breakout of this triangle lower could see one more tap of the 78.6 at $0.25.
The upside potential is less likely in my opinion but a solid break upwards would take us back to $0.45 - $0.50.
I don't think anything below $0.25 is on the cards, for now.
The weekly fib used to call the move up to $0.75 on Monday is still valid and we are now consolidating on the 61.8.
A breakout of this triangle lower could see one more tap of the 78.6 at $0.25.
The upside potential is less likely in my opinion but a solid break upwards would take us back to $0.45 - $0.50.
I don't think anything below $0.25 is on the cards, for now.
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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.