The price took out 5 fibonacci levels (.61, .78, 1, 1.61, 2.61) yesterday with the candle gapping up big. It managed to break thru the descending weekly trend line to close just under the .78 level.
Also the MACD is freshly crossed and the RSI is still cool especially considering the monster candle yesterday.
I think this chart looks bullish AF and Im looking for a continuation. Resistance possible at 2.25. First target $2.71 and possibly back to recent highs.
Also the MACD is freshly crossed and the RSI is still cool especially considering the monster candle yesterday.
I think this chart looks bullish AF and Im looking for a continuation. Resistance possible at 2.25. First target $2.71 and possibly back to recent highs.
