MXC dipped to new lows but whole move down seem now exhausted. We are oversold and have bullish divergence. Testing major pivots is one thing that takes place often although it might take some time to do it. I expect MXC to bounce up and in first run go test last pivot (above fibb 0.618 level) and from there correction to try form a higher low.
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All by the plan - we got the bounce and quick correction. As next I expect strong push up to break diagonal resistance line and test November 2024 pivot at 0.03$. From there pullback to test breakout of diagonal resistance line and potentially form higher low for further move up toward ATH range. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.