RSI & Price Action on the hourly has formed a bullish divergence. With the weak hands flushed out by the sharp dip, it looks as though SLERF has caught it's bottom and is now primed for an upward reversal.
AMB, the beauty that be.
Recently received $500k from DWF Labs to grow their ecosystem.
MarketCap is ~ LSE:22MM as of this post, which is tiny.
If a tiny project like this is getting investment, the future is green. Paired with the 4hr momentum shift (to positive) and the bounce off of the lower descending wedge trendline... I feel that we are in for quite the...
As BTC was recently rejected from the 200 day SMA (~$28,000) as well as the 0.5 Fib level (of rally June 16-23), the potential for Head & Shoulders pattern is coming into play.
SPY
is also testing lower trendline of it's rising wedge ("recession news" likely coming) and could capitulate, leading to further pressure on BTC.
Just some Wine Wednesday speculation,...
Long Setup for Wish with Key areas it must break to run up to the target of $22.80. That price target is just before the midterm Golden Pocket Fib resistance (So good spot to take profits if it hits the target imo).
$20.09 is also an important spot to watch for potential resistance and a possible pullback. But if it rips through that price point then it shouldn't...
