GlobalCurrencyReserve Rejecting Support and Breaking Higher
已更新
GCR has finally managed to break above the triangle pattern after rejecting the $0.165 support and the 200 Moving Average. A break above the $0.25 resistance supporting the idea that the price could go much higher.
Based on the triangle pattern target, the move up after triangle breakout should be the same as the prior correction from $0.55 down to $0.16, which is $0.37. Therefore the upside target is seen at $0.63. Only a break and close below the $0.145, where the Moving Average was rejected, could invalidate bullish outlook
Based on the triangle pattern target, the move up after triangle breakout should be the same as the prior correction from $0.55 down to $0.16, which is $0.37. Therefore the upside target is seen at $0.63. Only a break and close below the $0.145, where the Moving Average was rejected, could invalidate bullish outlook
註釋
price seems cheap now, being at 0.22註釋
Nice wave up, should be reaching the target shortly註釋
After consolidation uptrend is likely to continue... any time now
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