We've seen body closure above the lower trend line but i'd still like to see it above the wicks as seen in the upper trend line.
We could perfectly bouncing of the lower trend using it as resistance to move upward. However, if we go slightly lower...
I think we have some wick fishing to towards 0.786 fib which correlates perfectly to the $0.40 psychological level where buy orders will most likely be set.
Nonetheless, i'm nothing but bullish, we're going to smash $0.65 & then $1.00 very soon!