You could look at the chart in one of two ways.
Firstly, it's completed the 62% retrace. The run was from 0.005 to 0.053 (so a move of 0.049).
The 62% retrace was to 0.023. We add 0.049 to that and get a target of 0.072.
Secondly, you could look at it from a longer point of view, and you eliminate the large candle.
If so, we just completed a 50% retrace, and the resistance levels up ahead are 0.057 and 0.077.
Either way you look at it, she looks beee ... aaut ... tifuuul!
GTR Chart, page-4
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Last
0.4¢ |
Change
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Mkt cap ! $10.15M | |||
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| 0.4¢ | 12415713 | 12 |
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