Chart finally looking good and primed for a run / reversal in trend. Plenty indicators pointing to bullish momentum.
- Long term downtrend (blue line) has been broken and held above.
- Higher low in place - was waiting for this before taking a position.
- Inverse head and shoulders forming - neckline at 58c with a target of 75c.
- 75c target based on previous major support and will now act as resistance.
- Increase in volume showing promise as buyers are stepping up.
- RSI breaking upwards out of a bull flag.
- MACD crossing bullish.
All looking good, should continue upwards and start a new uptrend.
A positive announcement will of course help with the process.
Best,
L
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