#PLSD could retest lower prices
#PLSD price is trapped in a parallel channel in a nice accumulation/distribution chart.Sellers are happy to sell at the top of the channel is 4.21usd (resistance), with bottom of the channel at 1,75usd where buyers outweight sellers.(support)
Rejection of the top BB (daily) and the rising wedge on daily ,has a DOWNSIDE measured move to the bottom of the channel .Still a good chart but correction incoming .
Target1 1.75
Target2 1.45
Invalidation 4.50 (daily close)
Rejection of the top BB (daily) and the rising wedge on daily ,has a DOWNSIDE measured move to the bottom of the channel .Still a good chart but correction incoming .
Target1 1.75
Target2 1.45
Invalidation 4.50 (daily close)
Penafian
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