The link entered a correction phase immediately after reaching the $ 20 peak.
This phase lowered the price sharply to $ 7.
But now the chart is moving above the 7 and 30-day moving average and is preparing to cross the 50-day moving average, which means that this move is a good uptrend, which is after the recent 15-day market suffering. Of course, the condition for this ascent is undoubtedly passing the 50-day moving average, which has been touched twice in one-day timeframe.
This phase lowered the price sharply to $ 7.
But now the chart is moving above the 7 and 30-day moving average and is preparing to cross the 50-day moving average, which means that this move is a good uptrend, which is after the recent 15-day market suffering. Of course, the condition for this ascent is undoubtedly passing the 50-day moving average, which has been touched twice in one-day timeframe.
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