Nearing a multi year symmetrical triangle monthly resistance level, if we see a bull push over the next week I suspect by the FOMC meeting, the scale of probability will significantly increase for bullish continuation. However, if the current hourly trend turns bearish, the likelyhood that symmetrical triangle resistance level has been verified increases and will...
It's clear Baba's RSI on the weekly is forming a base, as well as coming into a long term support trend. When the overwhelming majority are looking short/bearish the scales then tilt and no one is left to sell and only buyer are left to drive up price action. Short term accumulation zone is $75-95, buying long term LEAPS for March 2023. Not financial advise; short...
The long term future for BMBL is unclear, but basing the current price point to the previous RSI and MACD levels I would say the downside risk is outweighed by the upside at this moment. Will be looking to accumulate under $20 and set a stop under current lows and take profit between 25-32. GLHF!!
Chart with the most clarity appears to be on the 4-hr time frame; however another guide to keep things simple will be the next daily candle bar close
Bullish Scenario: (yellow & blue arrow)
- Day candle bar close ABOVE 31.46
- Bullish take profit price target are $41.65 and $46
- Best case if the ascending channel breaks bullish during the next all time high...
Seeing bullish divergence on the 4 hour time frame, as well as an upside correlation with BTC at the moment. It is likely if BTC moves up or stays sideways we will see a breakout to the upside. However there has been a bearish correlation with BTC on the legs down, meaning we will fall harder when BTC has a leg down. Probability is finally on our side Marines!
On this recent leg down we are still at a healthy correction level for a U shape recovery, if we break below .025 we will have lost our bullish up trend and U shape recovery.
Keeping an eye out on volume as we lead into a bullish ascending triangle, if we break our volume resistance we can see significant upside near all time highs before possible retracement. Looking for this pattern to play out over the next couple of days while keeping in mind that AMP is positively correlated with the greater crypto market. If broader markets stay...
Ascending triangle formation with increasing volume and projected price target/resistance levels. Comment down below for any clarifications and smash the like buttons for more updates!
