Current price action is very reminiscent of the Wall St. Bets "Short Squeeze" Pump in late 2020 early 2021.
In 2019 and today, price remains anchored to the 1 Fib Extension Level with an ascending channel on Momentum and Money Flow on Cipher B (The White Channels I drew on the indicator). If this plays out exactly the same as it did in 2020, price should hit ~$4 which so happens to be a weekly resistance level .
Side Note: Fractals hardly ever play out exactly the same as before, but I still expect a pump nonetheless.
In 2019 and today, price remains anchored to the 1 Fib Extension Level with an ascending channel on Momentum and Money Flow on Cipher B (The White Channels I drew on the indicator). If this plays out exactly the same as it did in 2020, price should hit ~$4 which so happens to be a weekly resistance level .
Side Note: Fractals hardly ever play out exactly the same as before, but I still expect a pump nonetheless.
Comment:
Probably Hopium at this point, but bullish Butterfly Harmonic is playing out. Need to flip the 1 Fib level at $1.8 as support.
Comment:
D RSI coiling into a symmetrical triangle along with bullish divergence & a daily bullish engulfing candle if it holds. That being said, this pump could just be shorts covering. All indices look terrible with DXY breaking out.
Comment:
CLVS tagging the 20 DMA along with D RSI tagging upper trendline. CLVS only seems to be breaking out in sympathy with NDX recovering all of today's losses. Good chance CLVS pulls back here
Comment:
D Bullish Engulfing candle intact. D RSI broke out of the symmetrical triangle to the upside. Broke 20 DMA (Shocking). Target of the Butterfly Harmonic is $2.3
Comment:
Ok, so this dumpster fire is currently getting rejected by an onion ring. $1.8 has to hold. Prior month's candle did close as a dragonfly, so there's some hope.
Comment:
Onion rings have not been a friend to this ticker. Dragonfly candle has been negated. Expecting $1.23
