That was a strong week.
Basically we broke out of the downtrend channel . An upward trend has been evident since that point.
Now the following applies:
Upwards it becomes a little more difficult --> More resistance zones
- Our goal was to get buying power in the 4-5$ range - that was successful:)
- We also had our phase of consolidation & Daily hammer Candle as an uptrend signal
All targets have been achieved so far.
Current targets (intermediate)
Support:
$ 6.66 - 6.70
$ 6.10 - 6.20
Targets & resistance zones
$ 7.50
$ 8.00
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
45min chart:
Basically we broke out of the downtrend channel . An upward trend has been evident since that point.
Now the following applies:
Upwards it becomes a little more difficult --> More resistance zones
- Our goal was to get buying power in the 4-5$ range - that was successful:)
- We also had our phase of consolidation & Daily hammer Candle as an uptrend signal
All targets have been achieved so far.
Current targets (intermediate)
Support:
$ 6.66 - 6.70
$ 6.10 - 6.20
Targets & resistance zones
$ 7.50
$ 8.00
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
45min chart:
