PNUT - Potential Bottom
A few bottoming signals forming on the 6H for PNUT.
-Price formed a 6H doji followed by a wick off bottom.
-Price is holding the 21MA on the 6H
-Price is holding the 0.382 fib level.
-4H RSI bouncing from median
If price drops below the last low at $1.45 then a retest of $1 at the 0.618 retracement level becomes thee more likely outcome, but for now things look great for a move to the upside.
-Price formed a 6H doji followed by a wick off bottom.
-Price is holding the 21MA on the 6H
-Price is holding the 0.382 fib level.
-4H RSI bouncing from median
If price drops below the last low at $1.45 then a retest of $1 at the 0.618 retracement level becomes thee more likely outcome, but for now things look great for a move to the upside.
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