The retracement was just a small consolidation and the uptrend may resume. But here is the thing, in addition to the flag called "Pennant" we still have a strong resistance at 0.082. If the trend is strong enough and breakout both the flag and the resistance at 0.082, our next "target one" will be 0.099 and the "second target" will be 0.12. If breakout fails, the...
After the price failed to breakout the resistance at 0.082, retracement is happening now. The price is back to test the support between the area 0.062 and 0.056 and it may bounce back to retest the resistance at 0.082. We will follow up with you...
The price is struggling to breakout the resistance at 0.082. If the breakout fails, we will have a double top which is a sign of price retracement or trend down.
NIO-- The price failed to breakdown the strong support area at 55.63 and 54.32. It's a good early signal to buy some.
Good news 🙂 The price just hit our first target at 0.075 and our second target is at 0.095. The breakout happened last night and it was confirmed as well. At this point consolidation to the price could happen any time. I will try to post any updates in the future.
The last 4 hours candle stick failed to break up the resistance, now we hope the current candle stick be strong enough and break it up. This 4 hours candle stick will close after 1 hour from now. If beak up doesn't happen again, the price may bounce back to the support area between 0.044 and 0.041.