Thanks for posting and fulfilling my earlier request. Great to get your view on things. Your approach is def based in a greater understanding of charting vs mine.
Just looking more basically at recent trends/patterns relating to the SMA50 crossing over the 200 on the 4 hour chart and have mapped out recent increases when this occurs. Some great money making opportunities no doubt, but the increase in price this time around as we near our FA approval should be well over 60% before we see the 50sma fall below the 200 again allowing for a sideways consolidation event as we've been recently seeing.
The 50 crossing over the 200 right now is in it's earliest stage, and you can see how strong the upward movement looks to already be in those candles. Next week will def be interesting - 0.40 isn't too far away and 100% on the cards prior to announcement - that would only be a 21% increase from here or 4.2% daily for the next 5 days and then announcement over the weekend pushing it to a further 60% the following week resulting in a further 50% increase which I think not only plausible/possible but tempered in comparison to what others are feeling/saying.
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