The price is currently testing resistance around 0.63, after rising from 0.575. The volume profile indicates high activity around 0.58-0.62, showing strong interest.
The EMAs reflect a bullish shift, with the 20 EMA approaching a crossover above the 50 EMA.
After a period of squeeze inside the triangle, the bands are beginning to open.
The RSI is neutral to bullish, trending upward around 50. Overall, the chart suggests a potential breakout. No clear over-bought yet, there is room to run if bulls stay in control.
Key Scenarios
Bullish Breakout: A daily close above the red trendline + A$0.63–0.65 resistance zone would confirm.
First target: A$0.70–0.72 (next volume-profile “valley” and previous swing highs)
Secondary: A$0.80+ (upper Bollinger band confluence from the Feb top)
False Break / Rejection:
Look for a swift pullback into the green ascending line (~A$0.60) or the broader support box around A$0.57–0.58.
Watch EMAs for signs of rolling over (20 EMA crossing back below 50 EMA would turn neutral-to-bearish).
The EMAs reflect a bullish shift, with the 20 EMA approaching a crossover above the 50 EMA.
After a period of squeeze inside the triangle, the bands are beginning to open.
The RSI is neutral to bullish, trending upward around 50. Overall, the chart suggests a potential breakout. No clear over-bought yet, there is room to run if bulls stay in control.
Key Scenarios
Bullish Breakout: A daily close above the red trendline + A$0.63–0.65 resistance zone would confirm.
First target: A$0.70–0.72 (next volume-profile “valley” and previous swing highs)
Secondary: A$0.80+ (upper Bollinger band confluence from the Feb top)
False Break / Rejection:
Look for a swift pullback into the green ascending line (~A$0.60) or the broader support box around A$0.57–0.58.
Watch EMAs for signs of rolling over (20 EMA crossing back below 50 EMA would turn neutral-to-bearish).
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.
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.