Expanse formed a bullish divergence on the RSI oscillator, while it found the bottom at $1.18. Price then broke above the descending channel, but stuck around the $2 mark. The RSI is in the overbought zone, which could result in a small corrective wave down. Nevertheless the bullish momentum seem to be gaining the power and the price could shoot up any time.
The strong resistance is located at 50% Fibonacci retracement level, that is $5.5. This is a 100% growth potential that could be achieved in a relatively short period of time. Break above it should confirm trend reversal, while rejection could result in a strong wave down.
The strong resistance is located at 50% Fibonacci retracement level, that is $5.5. This is a 100% growth potential that could be achieved in a relatively short period of time. Break above it should confirm trend reversal, while rejection could result in a strong wave down.