lute

lute

See the chart as it provides adequate description, regarding the new phase that is ensuing. All due to the COMPLETION of Head and Shoulders formation

lute

The trend is continuing to be our friend.

lute

Peril awaits if we don't see support inside the Orange Triangle where the two arrows are drawn. By peril I mean the $130'sor $120's Basically right now is when support is required otherwise the dip is on it's way.

lute

This is the day the arrows become significant. If GME goes belowapprox $14 there will be a lot of revision going on in the market. Right now, the bulls aren't running, as the market searches for support at +$150. Hold onto your hats for 1 day longer if support isn't gained. Clear medium term direction should be obtained by Thursday.

lute Updated 

It's a bit early to do a detiled analysis, yet there are a few signs that CoinBase is turning for the better. We can see the converging triangle coming to a head. Heiken Ashi Candles are signalling a turn for the better along with a stronger upward tangent, tightlyly held now with a marked reduction in Volume shown on this chart. Price should reach inflexion point...

lute

As seen here, we can observe a cup with handle pattern, which is usually followed by a substantial growth in share price. This failed to occur. We also saw a breach of the lower side of GME's wedge/triangle, followed by a forced rally (Pump). This was not genuine support, hence the lower Daily highs allowed a continuation of the wedge. We are now at the pointy...