Not so fast, my friend. We have just started to whitness a bearish cross on the MACD in the weekly charts and that signals that the trend is bearish. What you are whitnessing now is some 'buying on dips'. As far as I am concerned, we may go up to $0.56-$0.58 levels at a rather short notice, but after that we are likely to see a new test of the previous bottom, or at least below $0.50.

If you want to make short rides, these are good times. But if you're buying now for longer term, you should expect some continued weakness for at least the coming weeks. Only charts can tell when the trend turns. I will certainly let you know when in my humle opinion the trend has turned.