Posting for long-term reference only; DYOR.
Includes major trend line, fib lines, fib circles and indicators.
Assumptions
- the recent 32.8% continuation from the original base is accurate
- the recent retrace of 61.8% is accurate
Am interested in other perspectives and TA. Thanks
Includes major trend line, fib lines, fib circles and indicators.
Assumptions
- the recent 32.8% continuation from the original base is accurate
- the recent retrace of 61.8% is accurate
Am interested in other perspectives and TA. Thanks
Trade closed: target reached:
DYOR. Let's see how this plays out.
Short-term target reached.
Short-Term: Am see Bullish Head & Shoulder pattern
> point between right H&S to max out at the 200Wema @ ~$20-21.
Why?
- price hitting ceiling
- RSI on 1hr shows price already trending down (Divergence)
- Fib Circle (not shown) intersects with 200Wema price point
- see 1W RSI history
> 8/27/18 - RSI maxed at 85%
> 1/11/22 - RSI maxed at 80-85% ??
Next
- if H&S pattern is accurate
> price will max out at the 200wema at ~ $20-21
> price will retrace to bottom of Right Shoulder to ~$14.15
> price will then trend back
Short-term target reached.
Short-Term: Am see Bullish Head & Shoulder pattern
> point between right H&S to max out at the 200Wema @ ~$20-21.
Why?
- price hitting ceiling
- RSI on 1hr shows price already trending down (Divergence)
- Fib Circle (not shown) intersects with 200Wema price point
- see 1W RSI history
> 8/27/18 - RSI maxed at 85%
> 1/11/22 - RSI maxed at 80-85% ??
Next
- if H&S pattern is accurate
> price will max out at the 200wema at ~ $20-21
> price will retrace to bottom of Right Shoulder to ~$14.15
> price will then trend back