A little messy, but we have horizontal support below @ $0.25/0.265 and uptrend line support which lies right now (and we bounced off of) @ $0.27. Resistance above in the 4-hr MA/EMA @ $0.2870, bottom of trend line above us, currently ~$0.2910, horizontal resistance @ $0.3040 and finally the top of the uptrend channel above us @ ~$0.35. The Daily MA/EMA is also currently between $0.3040 and $0.35 around the mid-way mark @ $0.3250.
And right now we're getting squeezed. The downtrend channel (the longest downward sloping line on the chart) trend-line and the very bottom of the uptrend channel converge ~ Nov 26th. Price HAS to either follow uptrend and rise above downtrend OR respect downward sloping trend-line and fall below uptrend channel.
I'm long from ~$0.2525 so, I feel comfortable, but it could get ugly if we squeeze the wrong way. One thing is for sure, it's going to be either a dramatic rise or fall by the 26th.
Good luck, this is for entertainment purposes only!
And right now we're getting squeezed. The downtrend channel (the longest downward sloping line on the chart) trend-line and the very bottom of the uptrend channel converge ~ Nov 26th. Price HAS to either follow uptrend and rise above downtrend OR respect downward sloping trend-line and fall below uptrend channel.
I'm long from ~$0.2525 so, I feel comfortable, but it could get ugly if we squeeze the wrong way. One thing is for sure, it's going to be either a dramatic rise or fall by the 26th.
Good luck, this is for entertainment purposes only!