Looking back at the previous cycle.
price tested the established support 2 times before starting the next big impulsive move up.
for this cycle the Establishing support seems to be around (0.1-0.2 usd)
one last test of this area would provide an excellent risk reward ratio to formulate a position.
price is currently in a bear flag with the target of 0.12 usd. upper range of the bear flag could be tested 1 more time around 60 cents for the eventual break down.
the price projections are only for visual purposes. the actual impulse could be a lot larger or even smaller(hopefully not) than that.
good luck
price tested the established support 2 times before starting the next big impulsive move up.
for this cycle the Establishing support seems to be around (0.1-0.2 usd)
one last test of this area would provide an excellent risk reward ratio to formulate a position.
price is currently in a bear flag with the target of 0.12 usd. upper range of the bear flag could be tested 1 more time around 60 cents for the eventual break down.
the price projections are only for visual purposes. the actual impulse could be a lot larger or even smaller(hopefully not) than that.
good luck