It is in my opinion very much a speculative one but what I see at the moment:
1) from a wider perspective: a cup & handle
2) from a Wyckoffian perspective: it may be a re-accumulation.
I expect the price will reach the psychological level of 0.1 and may expand further above.
1) from a wider perspective: a cup & handle
2) from a Wyckoffian perspective: it may be a re-accumulation.
I expect the price will reach the psychological level of 0.1 and may expand further above.
Note
A scenario: A cup&handle is forming. The next target can be 0.063.Note
Pprice is moving towards 0.062. I think it will be pass that level soon. My target is still 0.1.
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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.