Price needs to find support at the .50 and then the .618 fib levels to move up to the target at 1.618 extension.
Appears to be currently in a falling wedge with a $12.50 bottom which is also the .618 level of the recent price action.
Will be a challenge with the current market conditions but technical indicators show promise.
Appears to be currently in a falling wedge with a $12.50 bottom which is also the .618 level of the recent price action.
Will be a challenge with the current market conditions but technical indicators show promise.