I think there is a bat pattern
completed that will lead the price around 0.05 - 0.051 USD, where is light resistance and will facilitate the rise to the zone between 0.0559 and 0.0595 USD where a wall is waiting (red box). That move could take to an inverted H&S
which will back down the price to 0.05 area, and then, if this become true, at least 0.062 USD (1:1 fib trend extension of the bat pattern
) could be reached. Finally, positively-blind thinking, If this take strength and bulls get in to, it could easily reach the 0.09 USD zone corresponding to the inverted H&S
target. All this should be validated with an increase of volume
.. so we will be watching this market.
PD: Sorry my english...
Im totally new ... and Im just learning...
Any help is welcome and totally apreaciated.