No probs, she may still run up from here, If we don't get...

No probs, she may still run up from here, If we don't get another bearish confirmation candle in the next 1-3 trading sessions. A break above 0.084 resistance is possible (low probability) but why risk it as the RSI and Bol is trying to hit the brakes.

I'm hoping for a sideways consolidation as waves 2 and 4 from the previous EW (Elliot Wave) run was so (white circles). I'm contemplating adding a trading parcel as close to the green line as possible to coincide with the yearly Xmass rally. We are fresh into this second set of EW uptrend and this consolidation is only wave 2 IMO. We also have firm support at $0.068 (teal) with a strong trend line in green. Past 8/12/2020 and we still haven't retested $0.068 support (teal) then it ain't going to happen as the green support will now have taken over it.



As usual DYOR, I will be the first to admit that I don't have a crystal ball. Who knows, a cracker Cracow drill results may come out tomorrow and the low probability scenario above (first paragraph) may become reality real quickly...

PS. Even if you don't believe in Santa you should believe in the Xmass rally. Historically it goes up over this period with a 76% chance of it happening yearly.