Technical analysis by HunnVar about Symbol LABS: Buy recommendation (6/28/2023)

LABS possibility If LABS can successfully break out of the falling wedge pattern it has been in since December and maintain a weekly close above it with a healthy consolidation period in that area, there is a potential for a rally towards the .005 region in the coming months. A favorable setup would involve RSI dropping below 30 and Bollinger Bands squeezing, indicating a possible expansion to the upside. Of course, this scenario assumes that BTC continues its upward trajectory, as it can greatly influence the broader market dynamics. DYOR. Not financial advice.