There has been a clear breakout and reversal here from this descending triangle and the price has used the 50 Day MA as support over the last few weeks and looks to be moving higher next.
I believe we are still in a potential Wave 1, with the 200 Day MA the target at $3 next before needing a pull back to complete Wave 2.
A break above $4 over the next few weeks/months and there is a route back to the top blue line at $8
Brian
2025-02-10 15:19:46 +0000 UTC