+ lower blue is macro support line. + upper blue is macro resist line.
+ lower pink is micro support line. + upper pink is micro resist line.
Current situation: The pink, open (diverging) wedge creates boundaries for the price fluctuations. Looks like if price is less than 0.94 cents we will enter a bearish market. If price is higher than $1.12 we will enter a bullish market. Both of these scenarios signify break-out points of the wedge and will result in big drops, or big gains respectively.
Commento
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Since the pattern is an open wedge, it looks like we're going to the moon lol!