Trade setup: A rare asset that remains in an Uptrend. Following a bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend, price has reached our target estimate of $0.55. Now we wait for price to either 1) break above $0.55 resistance to signal Uptrend continuation, or 2) pull back near $0.45 support for a swing entry opportunity.
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $0.45 (previous resistance), then $0.40. The nearest Resistance Zone is $0.55, then $0.60.
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