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it is broken now, I do think there will be a short breather of a...

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    it is broken now, I do think there will be a short breather of a session or three then a stab at the next resistance of around $3.65-ish over the course of a couple of weeks maybe a bit longer.

    Only an observation going off of the price action from the downward spiral in Feb/March:

    Notice, on the daily charts, that any time during the recovery we are in that when the price hits one of the few green days from feb/march it tends test or just straight break its way upward.

    see the price action on the 20/3 and then on the 25/3 there is a test of that price from the 20/3 until it gets crushed on the 26/3 and moves to the price point seen on the 11/3. The price is then tested 3 times before being popped in the last few days.

    so, do we now have a reasonably rapid turn around to the $3.50/60s followed by more shenanigans until it is broken?

    i think yes, but it may take 2-3 weeks if not longer but likely before EOFY.

    the next few sessions may be the last chance for a while to grab anything below $3.

    just my opinion (and an uneducated one at that frown.png)



 
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