Thursday, January 19, 2023 2:39:40 AM
even if we drop below .05, we have a good shot at consolidating there before taking the next move up...
so far this move appears to have no real catalyst, yet it is actually a well structured and steady move...as the price rises, so does the volume...it still isnt much but it is increasing...
see the move in Nov/Dec where the pps broke above .04...there was more volume but the move was sporadic and rather chaotic...and eventually the move fell apart and dropped back down...
this time you can see where the move is steady and structured like a staircase...with more volume, i could describe it as a powerful move....but still, this bodes well for possible consolidation at a higher price...
i can see a break of .05 being possible...but not .06, without a period of consolidation...my guess is .055, max...for now...
but staying above .05 would be fantastic...
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