Continuation from: Broken trendline on the RSI retested here. So, the RSI confirms a bullish move is incoming, it's still above the broken trendline, while being at the top trendline here. Just a little push above that trendline goes a loooooong way. I believe it's pass or break time. Next week will be really interesting.
Continuation from above. More detailed projection of my view. 2017: the year we had to pass the 30c barrier. This was not easy, as it got sold off every time. You could look at the RSI channel in 2017 and look how tight the price kept surpressed. Some kind of, accumulation zone. As soon as be break either way, there's an explosive breakout. The longer the...
Continuation from previous chart: If we manage, to stay in the falling wedge and breaking it above, you'll see that also project in the RSI channel of the falling wedge. If we stay we should be following the line demand zone If we don't manage, the high demand zone would still be here. $.33 is the break for up movement, $.28 is the break for down movement
To me this looks exactly the same as previous fluctuations before the take off. You first reach ATH, have a downtrend, you reach the bottom of the trend and have a 1 , 2 & 3 pattern. 1: you first reach this point when downtrending, the up move . why is it so significant? it signals the bottom here. Buyers filling their positions for the next round. 2: the ...
It hit the 100% retrace, while also returning to what I think could be, the mean.