Light Ammo Might Be Cheap Right Now

I was asked to analyze the price of Light Ammo, so here it is:

From what I can see, the price is currently forming a bullish pattern known as a falling wedge, which could lead to a strong explosive move to the upside. However, even if that breakout doesn’t happen, the price is currently relatively cheap and trading very close to the 0.160–0.161 support zone.

Considering the volume and the resistance level of the structure, it wouldn’t be surprising to see the price reach 0.176–0.177, which would represent roughly a +7% to +8% move from current levels.