simaguire

simaguire

The price broke through a weekly channel and decidedly retested back, this was proceeded by a period of bullish consolidation that points toward a buying sentiment. The price hit a 52 week low on 24.11.21, there is plenty of value to be had down here. If the trend line is broken the target will be the next area of resistance which is a previous support at ~1.151.

simaguire

Price is accumulating nicely under a trend line that began at the end of December '21

simaguire

The price is in a downtrend below 200 EMA, it has also demonstrated a lower high and at the same time a higher high on the RSI. Looks like a good entry point for a short.