OCTO - WIll it repeat the fractal from early November?
Updated
OCTO analysis:
* Would love to see the fractal from early November repeat again - run up, then brief consolidation, before taking the local resistance
* So far it's looking like same price action could repeat (often happens on Uniswap coins being driven by a few big players)
* RSI is pretty stable indicating consolidation - not over, or underbought
* Rarely stays below the moving average for long so I do think, more likely than not, this will have another run at 40 mark as long as BTC doesn't nuke everything
* Would love to see the fractal from early November repeat again - run up, then brief consolidation, before taking the local resistance
* So far it's looking like same price action could repeat (often happens on Uniswap coins being driven by a few big players)
* RSI is pretty stable indicating consolidation - not over, or underbought
* Rarely stays below the moving average for long so I do think, more likely than not, this will have another run at 40 mark as long as BTC doesn't nuke everything
Trade active
I've taken a small position here that I intend to build on.Note
Couldn't have picked a better buy point - bounced straight off that support and back towards local resistance.
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