Its getting closer to the apex and the moving averages are also about to meet up.
The way i see it assuming this is not going to fold and the FUD has been cleared out there is only 1 way for this to go and that's up.
60 being the first decent resistance and should see a pull back from there to test the downtrend line also scare the weak hands.
Long terms i think this will keep moving on up at least till 154 where it gets a little busy however after that the zones get nice and empty with lesser resistance.
As of now trading at 28 is a good entry for a possible 3X once we clear 38 and the downtrend line.
Targets 60.10 , 88.95
Loose stop loss 23.85
Think this is getting ready to move has had a nice 3 months of accumulation time to step up .
The way i see it assuming this is not going to fold and the FUD has been cleared out there is only 1 way for this to go and that's up.
60 being the first decent resistance and should see a pull back from there to test the downtrend line also scare the weak hands.
Long terms i think this will keep moving on up at least till 154 where it gets a little busy however after that the zones get nice and empty with lesser resistance.
As of now trading at 28 is a good entry for a possible 3X once we clear 38 and the downtrend line.
Targets 60.10 , 88.95
Loose stop loss 23.85
Think this is getting ready to move has had a nice 3 months of accumulation time to step up .