Corsair has now been in a range for roughly 132 days and is inching closer to a new leg up or down in my opinion. You can see here it has fallen right to a critical level and we see a nice bullish wick at the moment.
As long as CRSR finds ground here, we can see a pullback to that upper resistance identified on the graph. With a slight possibility of a breakout but for now, it's too soon to call or predict. There are signs of loss in momentum. It's best to be patient.
If it breaks below that local support it could be looking for a new low. For now, I think it's best to play the trend.
As long as CRSR finds ground here, we can see a pullback to that upper resistance identified on the graph. With a slight possibility of a breakout but for now, it's too soon to call or predict. There are signs of loss in momentum. It's best to be patient.
If it breaks below that local support it could be looking for a new low. For now, I think it's best to play the trend.