Straight up with decent power. Quicker and more than I thought. Characteristics like a short cover rally.
Not too far from the upper resistance line which sits around $3.85.
Looking to the hourly for clues. Gap between $3.81-$3.85 left from some weeks back.
Also left a gap during today's rise on the hourly between $3.76-$3.77. Means TLS will ease back at some point and go down to at least $3.76.
I wouldn't get too excited until the upper line is busted and goes to $4.00 and consolidates around $4.00 for some time.
Needs to show clear signs of holding $4.00, then needs to use $4.00 for support.
About a year or two ago, I said $4.00 and then $5.00 by end of 2020. At the time, 2020 seemed so far away and the price was so low and seemed unlikely.
Although $3.00 is still possible until the line is busted, I still stick by $5.00 by December 2020.
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