Overall bull trend not breached, technical analysis points to strong rally for seasonal mining stocks in January-March trading sessions while markets plummet and metals (gold, silver, etc.) rally.
Bullish flag forming, waiting for short-term target breaching 0.17 fibonacci resistance level.
Bullish flag forming, waiting for short-term target breaching 0.17 fibonacci resistance level.
Сделка активна:
Next resistance target 0.17
If we can breach 0.21, there is little to no volume resistance to 0.31.
Short to mid-term I see price consolidating around 0.21 and then shooting up to 0.31 and possibly correcting back down to 0.21 for a bit before we see the final push up.
This is technical analysis only, fundamentals may cause price to drop or rise violently.