We estimate that the price has 65% chance (2/3) to reach the resistance at 0.77 before it tests the support of 0.545 for the third time.
1. Support 4 at 0.25 has been untested, since the price flew on Nov 20- Nov 23rd.
2. Supports 2 and 3 have both been tested and checked.
Rejection at the 0.77 level on Nov 24th was strong, but given the price had risen for over 100% in 40 days (0.30 to 0.70 from Nov 20 to Nov 24) it makes sens .
IN THE SAME MANNER THE RISE FROM 0.78 TO NEXT LEVEL OF 1. 40 CAN BE AGAIN EXPLOSIVE!! But first the 0.78 level must be breached.
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