Watching these Fib levels for possible areas of where to picking it up for a Long Term Investment/ Speculation. We would want constructive price action rather than a massive pump and dump
Just broke its 52 Wk high few days ago and consolidated a bit with the classical Cooper Momentum Formation (See: Hit and Run by Jeff Cooper) . Strong volume here also strengthens the validity of a breakout.
Long. Might take a few days to test its ATH levels at around 0.50.
Technical Observation: Currently testing its ATH levels. Price consolidated for almost 3 months around this area and just formed a constructive VCP basing pattern. OBV indicator also shows accumulation volume. Once the high gets taken out we can see momentum start to come in and beginning its multi month bull run.
