Bought in a little early but should see an easy 5% upside off of the 4.30 support mark up to the 4.80s.
Ichimoku Cloud showing Resistance down to the 1.171 region.
Looking to retest 4.78+
Pulling back to daily pivot on lower and lower volume, followed by volatility and an uptrend to retest 1.18 after 2pm EST FOMC meeting.
* Broke 4 hour support of 1.1796 * If it can break 1.179 it should be smooth sailing down to the 1.760 support
Bouncing off of R1, SL just below it. TP at R2. If SL is hit, active stop sell and tp at Pivot.
Hard resistance found at the daily S1 mark. Looking to take profit around 1.7375 / stop just above 15min max for the last few hours.
Unless fundamentals affect price over the next 6 hours we can see a bounce off resistance line up to at least the 50MA (110.00).
#1 - (Black Lines) Triple Bottom starting back on Nov. 2. #2 - (Orange Line) Rising Support Trend also from the beginning of November. #3 - (Red Lines) Short term support and resistance trending upward since mid December. #4 - (Blue Line) Successful Bear Trap resulting in "double bottom" with open at 0.155 #5 - (Grey Line) 8 Month Falling Wedge meeting Support in...
Followup to: Since the upward trendline broke - it now has become more of a support. Possible Catalysts by End of January to assist this breakout: 1.) Update from NASDAQ meeting held this month (as to whether an extension to April will be given). Possible Catalysts by March: 2.) Update regarding FDA Amendment that was sought after regarding Feb 2017 decision to...
In the coming weeks there are a couple opportunities for breakout on TA especially in light of recent news of equity investments at a price of 0.20. Short term price target puts a new breakout floor at 0.20 with a jump to the upper 0.20s Long term January catalysts may set the new floor at recent resistance of 0.30.