Price broke below its recent low, enhancing the bearish view. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is bearish with both its lines below the zero line. If price is unable to move above the cloud, it could be heading towards the support at $2.79 in the next 2-3 weeks.
Price broke above a previous high as well as an Ichimoku V-shaped structure two days ago, triggering a breakout with a price target at $3.33. Conversion line and Base line remained in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is bullish and is hinting at a bullish price trend. If price is able stay above the breakout, it could be heading towards the V-shaped price target at $3.33 in the next 2-3 weeks.
The price broke above the cloud two days ago and has managed to stay above the cloud in the previous trading session, keeping the bullish trend intact. The conversion and base lines had a bullish crossover, hinting at a bullish price trend. The lagging span is above price of 26 days ago and is above the cloud, confirming the bullish trend. The MACD indicator is bullish with both its line above the zero line. MACD is hinting at a price rally. We foresee price moving higher to the resistance level at $2.11 in the next 2-3 weeks.
Outlook Price reached a high of $2.20 on 20 April 2021 and since that high, price has been on a corrective decline but managed to hold above the cloud keeping the bullish trend intact. In the previous trading session, price moved above a recent high and created a V-shaped breakout, hinting of a move to new high at $2.27. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD remains bullish and is about to have a bullish crossover, hinting of a bullish price trend ahead.
Price has not managed to move much into the cloud; instead
price has been capped by the lower edge of the cloud. Both Base and Conversion
lines had a bearish crossover, hinting of a bearish trend ahead. Price has a resistance
at $2.49 and as long as price stays below this resistance, and unable to move
above the cloud, it is likely to decline to test the low of $$2.32 again. MACD
is still bearish and below the zero line. A break of the support line is likely
to accelerate the downtrend for a move below $2.32.
Price broke above the cloud two days ago but yesterday,
despite the black candlestick, was able to stay above the cloud and closed
above a recent resistance as well. As long as price stay above resistance of
$9.56, price should be heading higher to the next resistance point at $9.93.
Price is currently supported by Conversion line and is above the Base line.
Both Conversion and Base lines have a bullish crossover some time back before
price move above the cloud. MACD is bullish and both lines of the MACD indicator
are moving higher, hinting of an uptrend in price.
