$BAR is starting to wake up after a long period of quiet price action. On the 30m chart it has pushed up from the 0.57–0.58 area and is now holding around 0.61–0.62, with volume beginning to pick up. This looks like the first early expansion out of a tight base; if buyers can keep defending the 0.60 zone and push price through the recent high near 0.67, it opens the door for a larger trend move toward the higher levels on the chart, including the 0.80 region and beyond.
Summary:
Fresh signs of life after consolidation… early breakout behaviour with increasing volume… continuation higher becomes more likely if 0.60 holds and price can close firmly above 0.67.
BAR
0.61
+1.32%