SUPER / TetherUSLong
Super kisses the golden fib
Super is extremely close to one of my favorite momentum zones, the "almighty golden fib" as I call it. These on weekly charts offer a 50% retrace from the swing high. If you were to evaluate all assets that dumped in 2022, the ones that reach the golden fib the quickest within the same timeframe have the most relative momentum. I try to pick a mix of fundamental assets, and momentum assets that hold narrative and hype. Super has tough fundamentals but clearly has very strong momentum. Taking this level would be huge, I would be looking for a building of support zone, from there a continuation upward.
I would love a correction to the prior green fib, or even 1$, to retest the golden fib.
I would love a correction to the prior green fib, or even 1$, to retest the golden fib.
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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.