While moving up, price broke above the 200 Moving Average where it found the support after breaking above. Today ION/USD made a new high as well as broke above the signaling on the uptrend continuation.
The nearest resistance appears to be at 61.8% level located at $2, while the more important resistance and the potential upside target is at $3. This is not only a physiological round number but also the all-time high of the Ionomy. If the price would reach $3, it would double the current price $1.5. Only break and daily close below the $1 support could invalidate this outlook.
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