Current level of is at .0291 as a result from the minor dip from bearish divergence from the top that we have seen yesterday which initially projected a major retracement toward 0.023. This will likely be invalidated as bullish bias is getting stronger with the following reasons:
-Hidden bullish divergence
-within significant level (major support)
-support lies at the 0.382
-volume was relatively lower during the dips as compared to the rally.
With this premise, bullish bias expect us to rally 38% towards previous high at 0.0411 and will likely over shoot. Should we get a candle close above the resistance at the previous high, we will likely see another 79%
-Hidden bullish divergence
-within significant level (major support)
-support lies at the 0.382
-volume was relatively lower during the dips as compared to the rally.
With this premise, bullish bias expect us to rally 38% towards previous high at 0.0411 and will likely over shoot. Should we get a candle close above the resistance at the previous high, we will likely see another 79%
