So a bit of progress has been made in the last two days...big vol and price move across the 23c count back line which sat down in the bottom end of this large wedge shaped consolidation (cbl 23c)..these hidden resistance lines aren't obvious to the eye and must be counted out to find and then qualify them.. they can be very powerful on certain charts...next resistance would be at 28c..and significant support between 23c and 25.5c..momentum of the XAO has completely stalled in both the long and short term, and this is right around the 62% bounce from covid lows and so the market is very tentative... anything could happen. see also the XAO chart below.
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