There are many interesting formations on this chart. First of all is double bottom where pair reached 0.00100000 in March this year and October 2015. It is clearly visible on weekly chart. We have upside down head and shoulders formation created from doji candles (it’s look better on hourly chart). Rounded bottom(marked with blue curved line). Pair is trading above 200 Ema which is bullish sign. This pair also established support level around 0.0020000 which is marked with bold black line.
I marked with black parallel lines most of the GAP above the 0.0020000 area so you can see how market is reacting to them(GAP’s are treated as the solid support to push higher which is suggesting strong bullish potential).
This pair with all the mentioned formation looks very bullish to me and I’m pretty sure that this pair will reach 0.0150000 or maybe 0.020000 in future.
I marked with black parallel lines most of the GAP above the 0.0020000 area so you can see how market is reacting to them(GAP’s are treated as the solid support to push higher which is suggesting strong bullish potential).
This pair with all the mentioned formation looks very bullish to me and I’m pretty sure that this pair will reach 0.0150000 or maybe 0.020000 in future.
