Long
THCX could be poised to break out
THCX bounced off the strong $4.37 resistance point for the sixth time today, and it has been wedging itself between this resistance and the 61 Fib. Volume is above average and an ascending triangle has formed. Stochastic and squeeze momentum is showing decent upward pressure.
If it can close above the $4.37 mark in the next few days a breakout could happen and at that point it could be a good time to enter or scale more in.
If it can close above the $4.37 mark in the next few days a breakout could happen and at that point it could be a good time to enter or scale more in.
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.