Market Analysis - 2nd Jan 2021

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After a major retracement, we had an expansion to a key reversal and psychological zone $5.00-$7.00

First attempt to break higher failed therefore leading to 3 Month Accumulation in $3.00 - $5.00 range.

The next expansion retest resistance and failed to break with 150% gain on that price leg.

This then lead to another accumulation zone where $3.00 was a support zone before expansion to break $6.00 -$7.00 resistance.

Currently we are experiencing a normal correction, Iā€™m expecting anywhere between a 25% -35% correction with Mahax staking around the corner and price crossing the 200 EMA confirming Bullishness
The next price leg up we can see an implosive move to the upside to test $15-$17 range.