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*The Trend direction: Rebound UPTREND - as Higher-High & Higher Low was observed (Green background region).
*Rebound Uptrend = interim uptrend, as the Price is still close below our lifeline (Redline).
*Bottom signal was sighted on 25-Mar.
*Numerous turning points (Purple-candle) have appeared, a strong indication of the price will revert to upward direction.
*The accelerate signal (White-Diamond) has sighted on 16-Apr, a strong indication of the strong buying momentum.
*The "take-off" signal (Yellow-candle + Alert-Bell) has sighted on 23-Apr, an indication of strong buying momentum.
Prediction: The current price will try to test the immediate resistance R1. The crucial point, the price must break R1 to take-off to the next level.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.88-93 & R2=1.08-1.11
Support/Cut Loss: S1=0.76 & S2=0.69
*Crucial Support level S3=0.55, this support must not be broke in order to maintain the uptrend.
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond + White-Candle = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*Purple-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal
*Blue-Candle = Indication of Price selling off area.