I showed with the blue lines the falling wedge that we had broken up. Over the past 2 days, purchase volumes have increased and continuing its rising.
If we look at the current situation, we can see an inverse head and shoulders pattern, which suggests that it is likely to come to the level of 0.22 cents. Ahead is a strong global resistance line, which we will probably breakthrough very soon. It can be achieved through an upward impulse with the target of 0.24$
If we look at the current situation, we can see an inverse head and shoulders pattern, which suggests that it is likely to come to the level of 0.22 cents. Ahead is a strong global resistance line, which we will probably breakthrough very soon. It can be achieved through an upward impulse with the target of 0.24$
Comment:
Trade closed: target reached
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