Price broke above the cloud, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is moving above the zero line after a bullish crossover and is hinting at a bullish price trend. If price can stay above cloud, it could be heading towards the resistance at $0.68 in the next 2-3 weeks.
After reaching a high of $0.80 on 7 March 2022, price went into a Triangle consolidation. In the previous trading session, price broke above the Triangle chart pattern. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. We are likely to see a price rally to the Triangle chart pattern target at $0.90 in the next 2-3 weeks.
After reaching a high of $0.80 on 7 March 2022, a price correction send price lower. The price correction was halted by the Base line and in the previous trading session, a bullish Engulfing candlestick is hinting at a price reversal ahead. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. If price is able to stay above the Base line support, we are likely to see a rally to the previous high at $0.800 in the next 1-2 weeks.
Outlook Price was supported by the cloud back in late October 2019 and has rallied to a high of $1.88 on 25 Nov 2019. A correction that occurred after the high had brought price lower to $1.74 and yesterday, the rally of this correction low moved above the resistance of high of $1.81. If the correction is over at $1.74, price is likely to move higher to the Fibonacci 127% price projection target of $1.98 to complete the rally that started from the low of $1.44 back on the 4th of September 2019. Base line is moving higher and since the break up above the cloud, Base line has supported price movement higher. MACD is still bullish and is starting to rise again.
Outlook Price broke above the cloud in early Nov 2019 and has been climbing higher. There was a short period of consolidation but 2 days ago, price broke above a recent high. Both Base and Conversion lines are moving up and their gradients are steep, which is a hint of a strong trend. The next resistance point is the price high of 2019 at $0.73. A break of this level is likely to see price moved to the Fibonacci 261.8% of the rally from $0.54 to the high of $0.62, which comes in at $0.75. MACD is bullish and is likely to climb higher, hinting of a price rally higher to $0.75
