The longest trend line in this chart has four touches, starting 14th December. Now that the price has fallen below the shorter, more recent trend, I’m wondering whether the stronger line below will hold - especially because there’s a reverse head and shoulders visible on the longer time scale.
If the longer line holds, I’m wondering whether the most recent three tops point toward a target price, because they did last time. That price appears to be around 0.2728 to 0.2754 this time.
If the longer line holds, I’m wondering whether the most recent three tops point toward a target price, because they did last time. That price appears to be around 0.2728 to 0.2754 this time.