The DAILY lr chart from 23/06/2016to the 8.4c. sp low on 24/04/2020, generated an UPPER channel range of 27c. (45c. - 18c. = 27c.).
The horizontal extrapolation of the linear regression line is a FORMATIVE support/resistance level......and also a HARBINER of the bull & bear trap.
Post 24/04/2020, key up side TP's/RESISTANCE tests are forward looking (extrapolated), and will be (generally) MULTIPLES of that 27c. range.
These heady heights are too high (for me) .......but the best of everything for those would dare to ride this 'beast' to higher levels.
Cheers.
[ATTACH] The DAILY lr chart from 23/06/2016to the 8.4c. sp low...
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