Probably a tad optimistic. Yesterday was a huge breakout, even if very predictable. Most holders including literally anyone who bought in over the last few years are sitting on significant profit now, and today's pullback was inevitable. Given what happened yesterday I'm pleased to be sitting around 38c today. I expect we'll take at least a few days and maybe weeks consolidating between 37 and 40c before breaking 40c. I definitely *want* to see some consolidation under 40c before we break it so that we don't end up with a nasty pullback.
This is similar to how last month I was saying we would hit about 36.5 before consolidating (the cup's handle) *then* breaking 36.5 and running. We actually ended up with a small handle because everything was looking so good, but that makes a consolidation now under 40c even more likely and important. If you drive too fast you're going to crash and yesterday was good enough gains for a little while.
We should hit 50c within a couple of months and I'm guessing 80-90c by around mid year, but it won't happen overnight and we don't want it to try.
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3.9¢ |
Change
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Mkt cap ! $55.32M |
Open | High | Low | Value | Volume |
3.8¢ | 3.9¢ | 3.8¢ | $4.702K | 123.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1041890 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 120000 | 2 |
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No. | Vol. | Price($) |
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3 | 1029890 | 0.038 |
5 | 713243 | 0.037 |
5 | 1582773 | 0.036 |
24 | 3177148 | 0.035 |
10 | 1206154 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 120000 | 2 |
0.040 | 716897 | 5 |
0.041 | 1834730 | 5 |
0.042 | 808305 | 7 |
0.043 | 754146 | 4 |
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