I have line plotted at key areas where price has been several times and this one of them. I'm thinking..
A.)Price could go test the line, and shoot back up, and possibly test 40 cent
B.) Price could break through the line, and test back down towards 25 cent
I'm leaning towards option A to be very honest because price hasn't gone to 40 cent and that's something I see happening first before a major bearish movement happens. What do you guys think? What option do you think is correct? Leave some comments below!
A.)Price could go test the line, and shoot back up, and possibly test 40 cent
B.) Price could break through the line, and test back down towards 25 cent
I'm leaning towards option A to be very honest because price hasn't gone to 40 cent and that's something I see happening first before a major bearish movement happens. What do you guys think? What option do you think is correct? Leave some comments below!