A higher low was needed after the hammer I mentioned in the previous analyses. The higher low came and now bulls got a downtrendline break. Also, The Bollinger Bands are widening.
Ingredients for this move north to continue for now. A nice shorter-term target would be the mid of the earlier congestion zone, as well as the first Fibonacci level around 0.03550.
Ingredients for this move north to continue for now. A nice shorter-term target would be the mid of the earlier congestion zone, as well as the first Fibonacci level around 0.03550.