Double bottom formation with breakout signalling a reversal in the downward trend. Price came back to test the breakout price level at 13.30 and rebounded.
At the same time, it looks like there is a bullish flag formation and accumulation at the 13.30 to 14.80 range.
Flagpole height: 3.50
TP1: 15.17 (resistance)
TP2: 17 (based on flagpole height)
TP3: 18.87 (previous support - resistance level)
At the same time, it looks like there is a bullish flag formation and accumulation at the 13.30 to 14.80 range.
Flagpole height: 3.50
TP1: 15.17 (resistance)
TP2: 17 (based on flagpole height)
TP3: 18.87 (previous support - resistance level)