$TIA
Price is in a downtrend; however, it had a bullish breakout from the falling wedge pattern and above $0.50 resistance, which could signal at least a temporary bullish trend reversal with +20% upside potential to $6.00. (Set a price alert) This is a riskier trade setup because it’s a trend reversal, not a trend continuation setup. It’s against the overall downtrend.
Patterns: A falling wedge usually results in a bullish breakout. When price breaks the upper trend line, the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
The nearest Zone is $6.00.Trend: Short-term trend is Up, Medium-term trend is Down, Long-term trend is Strong Down. Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).Support and Resistance: The nearest Zone is $4.00.
