Price forming HH and LH, bullish continuation.
2025-01-04
Category: None

Hi there,

The price is forming HH and LH which is signalling upwards momentum is still intact, however, the price appeared to make an attempt on breaking out of the bullish pennant that we have seen forming which was rejected. The $2.49 sell wall is still intact, I believe that a second re-test is imminent and it could break, if not we could be looking at downwards pressure to $2.22

This is what I believe could happen and the path indicated. If the price does break out the target is $4.96

If anyone has feedback on my idea or an insight into what could be happening I'd love to hear it, all comments are greatly appreciated.

Thank you! :)