FCEL heading to retest support at 6.5$
Logaritmic scale at daily timeframe
Previously break up of the huge downtrend resistance (at 2$) got us 15x gains. The new uptrend support has been formed, so during this or the next week is going to retest that uptrend support.
For the last few months the falling wedge was forming, which means go LONG when the break up on the upper bond of the wedge pattern confirms.
I am now waiting to see how the things will play. Maybe before the big uptrend support retest we'll see the daily 20MA retest - which is also a upper bond of the falling wedge pattern.
If it bouce up at the uptrend support along with the whole tech market, we could easily see a new 10x gain this year which sounds very attractive.
Cheers!
Previously break up of the huge downtrend resistance (at 2$) got us 15x gains. The new uptrend support has been formed, so during this or the next week is going to retest that uptrend support.
For the last few months the falling wedge was forming, which means go LONG when the break up on the upper bond of the wedge pattern confirms.
I am now waiting to see how the things will play. Maybe before the big uptrend support retest we'll see the daily 20MA retest - which is also a upper bond of the falling wedge pattern.
If it bouce up at the uptrend support along with the whole tech market, we could easily see a new 10x gain this year which sounds very attractive.
Cheers!
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