Seemed to be doing a reversal pattern after rebounding from 1.07 and now heading to the top of the downtrend channel. If it can break the treadline of the top channel, there could be a chance for another rebound beyond 1.20.
It has been trending along the top of the downtrend channel after staging a strong rebound from EMA50. If it can break out of the trendline and stay above 2.03 in the next few days, it should resume its uptrend movement.
Ucrest is currently trending almost at the bottom of the uptrend channel. If it can stay within the channel in the next few days, there is a potential rebound to move back to the top channel. Otherwise, there is risk of falling below the channel and chance of rebound will be weak.
Chart-wise, Redtone is still trending near the bottom of the downtrend channel, but it has since rebounded to form a double bottom. This could potentially signal change of trend. Watch out closely in the next few days.
So far, the price has been fluctuating within the uptrend channel. So long as it stays above the bottom trendline, it is accumulation time. I have been fishing in the past 3 days and once it rebounds off the bottom trendline and goes above 1.80, I will add more.
Seemed the drastic drop hv scared the retailers into sell-off. Last time I checked, it is well supported by bankers money. Not sure wherher the bankere are still there, but I have scooped up some cheap tickete yesterday.
The price seemed to be moving along the lower ascending trendline of the symmetrical triangle pattern for the past 3 days. Lets see whether there is a rebound on the cards. Otherwise, a breakdown from this lower trendline marks the start of a new bearish trend.
A very nice symmetrical triangle pattern chart is forming. Once it breaks above the descending upper trendline and above resistance of 0.65, it will be a bullish breakout. Let's see how it plays out in the next few days.