This currency is attempting to break the downtrend(orange line), forming a Bullish Flag(in red) through it. The price is getting out of space to move between the flag(red dotted paralel channel) and the recent uptrend(green line). If there is a breakout of the flag and the resistances ahead, it could lead the price to the Bull Flag Tarjet area around $2 and $2.2. Now the resistances are at the 0.618fib lvl at $1.40 and the 50 & 200 EMA lines(Pink and Black).
This is not an investment advice, this is what I can read with my little TA knowledge (wich I've learnt from people around this platform and other sources for the last 4 months). So I publish this idea because I'd love to hear from people who can illustrate me, with critics or advices for my TA
This is not an investment advice, this is what I can read with my little TA knowledge (wich I've learnt from people around this platform and other sources for the last 4 months). So I publish this idea because I'd love to hear from people who can illustrate me, with critics or advices for my TA
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Bullish Flag zoom:
If the price reach the Bull Flag tarjet, forming a Higher High, it will be the end of the correction, and the continuation of an upward trend.