Using volume to price analysis in correlation with market cycles of accumulation and distribution (Wyckoff), I believe that 
HYMC is setting itself up for a strong reversal to the upside on this 'test' region: double bottom.
During the mark-down phase,HYMC exhibited several stopping actions up until the massive change of behavior that came with the news of the investment from $AMC. The change of behavior is exhibited by the massive change in demand volume at the bottom of the range, thus establishing a floor. This trend reversal symbolizes a 'selling climax' with an immediate reaction, otherwise known as an 'automatic rally'.
Being at the same level as the selling climax and with volume diminished,HYMC has a strong chance to reversal and start breaking some fib levels to the upside for a test of supply zones above. This move would be considered 'sell test in phase B' of accumulation.
A reverse split is incoming forHYMC, but a good short-covering rally can occur from the lows here before RS.
HYMC is setting itself up for a strong reversal to the upside on this 'test' region: double bottom.During the mark-down phase,
HYMC exhibited several stopping actions up until the massive change of behavior that came with the news of the investment from $AMC. The change of behavior is exhibited by the massive change in demand volume at the bottom of the range, thus establishing a floor. This trend reversal symbolizes a 'selling climax' with an immediate reaction, otherwise known as an 'automatic rally'.Being at the same level as the selling climax and with volume diminished,
HYMC has a strong chance to reversal and start breaking some fib levels to the upside for a test of supply zones above. This move would be considered 'sell test in phase B' of accumulation.A reverse split is incoming for
HYMC, but a good short-covering rally can occur from the lows here before RS.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.