Rising Wedge Developing?Happy New year All!
Happy to be at it again and looking forward to this story playing out to the upside in the coming months. I still think we'll be hearing about the uplist close to March.
Technically it looks like were forming a rising wedge, volume will dictate if it's real or fake. Waiting on the short ratio for Dec 30 but I don't think the ratio has changed much which shows support to the SP.
Looking historically its a close call on whether this is a real or fake.
However, with the news today and more expected I'm looking at this resistance of 1.48 being broken by the end of next week and becoming support again until the shorts jump on the rumour of the uplist.
Fundamentals will soon show 1M quarters IMO.
Looking forard to the year ahead and as always, stay disciplined and plan your entries and exits.
GLTA