This thing went from $0.1x to $1 not too long ago in the OTC Markets and then I believe had a reverse split, not that it shouldn't have appreciated but I think it will come back down and I bet the ascending triangle will play out before everyone is driving an electric vehicle... Can you stay solvent longer than the market can stay irrational? I guess we will see if this particular idea can.
Note
Note
Thanks to ArShevelev, I just learned that this is actually called an "Ending Diagonal". I learned this from an extremely useful chart that everyone should first thank the publisher for and then download the chart below.
Trade closed: target reached
considering the velocity, I would say this is target achieved and the channel looks to have moved the bottom up a little bit, for now.Note
Final target "reached"- pun intended considering it was a negligible distance from reaching my called 16.99 making it a negligible reach to say target reached, but I'll still take winning the linework lottery (my phrase)Note
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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.