Breaking out of a bull flag, which should bring us into wave 2 of the bigger up trend.This next wave is going to push us out of the longer-term downtrend to really give us the next leg.
Oxy has been in an uptrend for the last few months while consolidating within the triangle. We have recently broken out and are in motion for the retest. Expect a bounce to break out of the greater down trend before we shoot to the stars.
1inch within the next week will consolidate and then make a move back up to the .54 range. Look for a good buy at .42 over the net few days before the spike.
Cheers,
Bo
Potential 80% swing trade if you wait for the right time and can be patient. Take profits look to be by end of February, and wait to see what's next.
Ride the channel like a rodeo, baby. YEEHAAAA
Two options I see:
1) We consolidate within the triangle and eventually break up to retest the .786 fib.
2) We consolidate within the triangle and eventually retest the long term trend dating back to May 2020, lowest possible .092 cent range.
Tell me what you think the gods will deliver us?
Cheers,
Bo
A message sent by god that we have to hit that bottom trend still, but from there it's all salt and pepper. It's not possible to go below that bottom line unless we implode like Titan.
Good day my compadres.
-Bo
I don't actually know TA but I just had this message sent from god.
Down to the $32-34k range, but still in the long term up trend since bottoming. Look for a good buy area in low $30k's.
Unfortunately, we still have to trim off about 20%, sorry to break it to you. But the sunshine will come after the rain.
-Bo
