/biz/ - Business & Finance

>>53075987
It was consolidating into a wedge between the recent uptrend support and the bigger downtrend resistance, it had to break one way or the other. It tested down but then broke upwards. Now it's got the 18, 45, and 100dma (red, purple and yellow) beneath it as support which is nice. The next resistance is the 200dma (green) which is also the important one, if it can get that one beneath it and acting as support then you're laffin beacuse all dmas beneath the price = bullish af, and the next resistance could be around 2.23

In the RSI the K line (red) also crossed over the D line (yellow) taking it out of the oversold condition so momentum is seemingly going upwards.