TILRAY - Tecnical Analysis
Updated
Dear Traders,
After TILRAY's crazy 92% run, it was time for it to retrace, and it did. Now that TILRAY has found support at the 0.382 fib level, we need to think. There are 2 possibilities here, or we retrace down to the 200 ema (which would be logic), or we have found enough support at this fib level to start building up again.
I drew a green line marking a resistance line, and TLRY needs to breakout of it before turning bullish again.
A good entry would be the 200 ema on the 1hr chart.
What are your thoughts ?
After TILRAY's crazy 92% run, it was time for it to retrace, and it did. Now that TILRAY has found support at the 0.382 fib level, we need to think. There are 2 possibilities here, or we retrace down to the 200 ema (which would be logic), or we have found enough support at this fib level to start building up again.
I drew a green line marking a resistance line, and TLRY needs to breakout of it before turning bullish again.
A good entry would be the 200 ema on the 1hr chart.
What are your thoughts ?
Note
TLRY broke out ! Let's see if that 200 ema will hold (15min chart)
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