Just a quick markup to look back on this week while I re evaluate NEXO path. Quick glance looks like we may be developing a bullish bat pattern following the ascending triangle breakdown that appeared to be tracking nicely pre Elon meltdown comments. With a lot of announcements on Nexos horizon in near future, and the dividend around the corner, I'm looking for a bounce from the current support to get us back into the ascending channel. Will revise with a full markup when time permits this week
Note
I think it's pretty clear to say this idea failed. BAT pattern indicated reversal and we had a hard drop, regardless the news in the space as a whole can be attributed to the dump and not traditional TA. Looking forward to NEXOs future still but darn this hurt today
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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.