IZEA is trading off the highs of January after being rejected by historical resistance at 7.10
Bullish divergence on the MACD and bullish RSI gaining ground.
Currently trending toward our 1D resistance of $5.54, and seemed to have put in a double bottom above our previous weekly close but would not rule out a retest.
The bullish shark harmonic and the golden mean of the fib retracement both show confluence at 6.23.
That would be my personal target, however there is a solid gap (highlighted in green) on the weekly chart that we will likely give a run for the money before ultimately testing 7.10 once again.
9.59 would be an additional target on the upside above 7.10, further than that id be looking at 11.45
Not much in the way above the 12.00-16.00 range.
Volume has been gaining substatially the last 3 months, but like a lot of other assets last week, it was taken down a peg with all the other static going on.
MACD & RSI shows buyer exhaustion on the 1D, however the 4HR still looks like it has a little room
Although the RSI is relatively flat on the 4HR, it is trending above its medial range and shows clear bullish divergence and could be positioned to run with a retest.
Bullish divergence on the MACD and bullish RSI gaining ground.
Currently trending toward our 1D resistance of $5.54, and seemed to have put in a double bottom above our previous weekly close but would not rule out a retest.
The bullish shark harmonic and the golden mean of the fib retracement both show confluence at 6.23.
That would be my personal target, however there is a solid gap (highlighted in green) on the weekly chart that we will likely give a run for the money before ultimately testing 7.10 once again.
9.59 would be an additional target on the upside above 7.10, further than that id be looking at 11.45
Not much in the way above the 12.00-16.00 range.
Volume has been gaining substatially the last 3 months, but like a lot of other assets last week, it was taken down a peg with all the other static going on.
MACD & RSI shows buyer exhaustion on the 1D, however the 4HR still looks like it has a little room
Although the RSI is relatively flat on the 4HR, it is trending above its medial range and shows clear bullish divergence and could be positioned to run with a retest.