Trendline acted as Support and Resistance since December 2019
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The lower trendline has acted as a major support and also resistance since December 2019. It took us 399 days to get from the COVID-19 low to $1.96 which is the same measured move as we had from April to May 2017 or 42 days.
Now it seems like we're following a similar triangle pattern that comes to a point mid July 2022. We could definitely see a breakout to the upside before then but I think there is more consolidation and boringness to grind though beforehand.
Don't be shocked by bad news on the horizon before any real solid positive news.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.