Evolution into channel
What in December we thought was an end of the down trend, during January and February progressed into a downwards channel.
We hope that this channel is not strong enough and that the price will manage to break it upwards. There was already an attempt a couple of days ago.
On the fundamentals side:
- They managed to control expenses
- New exciting contracts arrived
- Institutional investors increased holdings
- High interest/volatility during last month
We believe that more RNS will arrive in the following days and that the price will manage to exit the downwards channel in the short term.
We hope that this channel is not strong enough and that the price will manage to break it upwards. There was already an attempt a couple of days ago.
On the fundamentals side:
- They managed to control expenses
- New exciting contracts arrived
- Institutional investors increased holdings
- High interest/volatility during last month
We believe that more RNS will arrive in the following days and that the price will manage to exit the downwards channel in the short term.
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