Intermediate-Term Bullish
Volume 2,538,323 1 Close Price 0.51 2 Target Price 0.59 - 0.61 3 Pattern Duration 45 days 4 Inbound Trend Duration 80 days The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
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