PI is finally breaking out of the long-term downtrend and showing early signs of strength.Price has reclaimed the falling wedge resistance and is now pushing toward the 0.236 Fib zone around $0.69 that we need to break to move further up.
If bulls hold momentum, the next target could be $0.88 (0.382 Fib), with $1+ in sight if the trend continues.
The structure looks bullish, but watch for a clean breakout and retest, and continuation.
DYOR, NFA
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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.