RE:How high?How High?
Well if we are due some consolidation then now at 1.7 has to be the place: We exceeded 70 on the daily RSI and have hit the top edge of a channel going back to early 2014 and there has to be a few traders with an eye on the charts so I think a bit more supply is likely.
But there are hardly any asks appearing on the Venture order book (don't know about ATSs). Meanwhile "someone" seems keen to buy at increasing prices and also we have seen the bids filling in below.
No way to know how serious the buyers and sellers will become, but I'd expect the move to consolidate a little rather than go straight up based on that, and we could do with some consolidation to provide a future stop loss point for anyone looking to get in. We do need to break out of this channel though, it only moves up 10c/year! And we don't want to go back to the bottom as that is only a little above $1 and also rising at that same slow speed!