the price is currently below a dynamic resistance line, but the strength of this line has weakened compared to the past, increasing the likelihood of a breakout.
below the current price, a dynamic support line has formed, preventing the creation of a new price low. additionally, the pivot that led to the lowest low was unsuccessfully broken once. this, along with the fact that the price has been moving within this range over the past two months, serves as a bullish signal.
ichimoku analysis was also used, but is has been removed for chart clarity.
future price targets are: $0.35, $0.60, $1.20, and ultimately $3.00.
below the current price, a dynamic support line has formed, preventing the creation of a new price low. additionally, the pivot that led to the lowest low was unsuccessfully broken once. this, along with the fact that the price has been moving within this range over the past two months, serves as a bullish signal.
ichimoku analysis was also used, but is has been removed for chart clarity.
future price targets are: $0.35, $0.60, $1.20, and ultimately $3.00.
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.