Einsteinium has been producing higher highs and higher lows breaking above the downtrend trendlines. The latest breakout on the 8th of November resulted in a strong growth of 150% against the USD, from $0.05 up to $0.15.

However, the Fibonacci applied to the corrective wave after the breakout shows that EMC2/USD found the resistance at 327.2% level, which appears to be a strong resistance. In order for Einsteinium go further up, it must be broken.

If that happens the upside potential is huge and the price could go all the way up to $0.4 area, which would be another 150% gain. Unless it breaks with a daily close above the key resistance at $0.16, consolidation or a correction could take place.