SHORT-TERM: heavily oversold, bounced off a major support with 1hr bullish divergence. Honestly, the target on this one is subjective, I just put it under a gap fill. (Not financial advice)
After a 500% run since the last “Go” flag mid October, price has come back from the highs near $60. The GoNoGo trend has reflected this with paler aqua bars. Price is now at levels where we saw a clustering of market activity in November and December. We will look to see if this level provides support. The GoNo Oscillator is currently riding the zero line and...
THERE IS A SIMILARITY IN THE CANDLES THAT ARE IN A RECTANGLE. I THINK IT HAS FOUND ITS TOP. I THINK WE SHOULD SELL BEFORE THE NEXT LEG UP. A GOOD PLACE TO ENTER IS AROUND 14-15 WITH A TIGHT STOP. BE VERY CAREFUL AS MANY OTHER SITES ARE DOING PUMP AND DUMP ON THIS TICKER.
you can see the similarities on the candles i circled, this has clearly found a top in my opinion. we should dump even harder here before the next leg up. id be looking to enter in around 15 with a tight stop. but be careful ! ive seen lots of pump and dumpers surrounding this ticker on other websites. good luck :)
FUBO retraced about 42.35% from the previous swing high and is now finding support on the 21-ema. It touched the 21-ema yesterday and again today. It is now sitting on the .5 fib retracement and finding resistance on the 14-ema. Additionally, the stochastic RSI is starting to curl up, which is a sign of change in momentum.
This doesn't mean it couldn't go lower...
