Hello traders, GREEN DOT CORP is in a fake bearish movement with a large sell volume executed and a hammer candle upside down. Looking at the TIMEFRAME M1 we notice an upside down hammer candle with a high volume of past sales. It will come out of the lower of the bollinger heading towards its previous lower making its trend reversal. Retest the broken VWAP back into the bolinger to test its levels by coming back into the bullish channel starting on the top of the comfort zone testing it.
There is a good chance of breaking the price then at the same time the zone with the return of momentum, it will move into the next zone to land on the top to come. With several highs to yield between a comfort zone will be tested, for a drastic rise to the top of the bullish channel and symbolic number of 68.00.
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There is a good chance of breaking the price then at the same time the zone with the return of momentum, it will move into the next zone to land on the top to come. With several highs to yield between a comfort zone will be tested, for a drastic rise to the top of the bullish channel and symbolic number of 68.00.
Please LIKE & FOLLOW, thank you!