Technicals:
A break up from the spike may trigger strong price discovery, given the nature of this reaccumulation. Realistic targets: $3.5, $5, $10.
- Heavy accumulation inside the range, shown by VPVR - with a strong profile at support/creek.
- Each touch of the creek spiked in volume.
- Volume is continually growing on this current upwards push since mid July.
- Descending triangle broke upwards.
- Double bullish divergence on RSI.
- RSI is trending in the bullish control zone, with possibility of maintaining "overbought" levels on breakout.
A break up from the spike may trigger strong price discovery, given the nature of this reaccumulation. Realistic targets: $3.5, $5, $10.
Note
Probable test of previous ATH on this correction now.Note
Previous ATH test incoming? Stay tuned.Note
Currently looking like a double top on H4, stay cautious.Note
Note
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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.
Disclaimer
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.