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BIT Charting, page-689

  1. Hezla
    168 Posts.
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    11/11/23
    23:42
    Post #: 70850616
    A few things noted from the price action over the few weeks:

    1. Price retraced and consolidated around 0.382 fib, broke out and re-tested 0.090 which is the previous resistance (top of the box)
    2. Last Friday's close above 0.115 marks a new major break out, signalling the next leg up, or elliott wave theorist would call it wave 3
    3. Volume increasing on green candles after 3 dojis on low volume
    https://hotcopper.com.au/data/attachments/5728/5728385-4f0eb41d5fabbb6ed5bc55ab3b5b6569.jpg

    I have next target at 0.17 (0.618 fib extension) or 0.215 (wave 3 - 1.618 of wave 1), either way very positive price action overall. GLTA
    BIT Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 36  Upvote
    lightbulb Created with Sketch. 8  Great analysis
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