This is the first indication that price could be ready to go higher, and perhaps this is just a beginning of a huge growth. The nearest upside target is seen at $2.3 where two Fibonacci are inline. First is a 327.2% retracement level of the Fibs applied to the corrective wave after the downtrend breakout. The second is the 241.4% level of the Fibs applied to the corrective that started in June. Keep in mind that only a break and close below the $0.4 support could invalidate outlook.
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