Since the end of the parabolic move up in the beginning of Dec price has carved out a large range, and there is also a smaller range within this (red lines). Currently price has been supported by the Weekly Pivot Point at 0.01652 and is trying to take out a small range that has formed since yesterday. If price holds above price may advance towards the upper red range and previous tops at 0.0185 level. SMA200 moving average is firmly rising and should eventually spark more upside. If price breaks lower and close below the 0.0161 low, we might see another move down to the lower end of the range and a test of the Weekly S1 and the yet untraded Monthly Pivot Point at 0.014. Bulls would like to see some momentum and of course a breaching of the upper large range and the high from Dec 12 at 0.020 which could spark some strong price action after a longer time of built up energy within the range.
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