Was asked on YouTube to do some TA on aCb. I can get into it more on a video, but hopefully your following me here also to see.
Seems I’m hearing a lot about an inverse head and shoulders pattern, personally I don’t see it. I see a lot more bearish still then bullish. A massive either contiuation pattern inside a giant descending triangle. We are currently exactly at the support line clinging for dear life… also a daily MACd cross incoming.
Ema ribbon has flipped red (bearish) on the 4 hour timeframe As well as the weekly RSI and MACd which could have curled up bullish, has now been leaning to the down side. We could see low 4s before buyers step in. In the past 2 times we dropped to 3-4$ Buyers stepped in very quickly. I would be willing to do this also.
Bottom line if we can break and close above 7.79$ we could change the outlook… for now i will stay away
Seems I’m hearing a lot about an inverse head and shoulders pattern, personally I don’t see it. I see a lot more bearish still then bullish. A massive either contiuation pattern inside a giant descending triangle. We are currently exactly at the support line clinging for dear life… also a daily MACd cross incoming.
Ema ribbon has flipped red (bearish) on the 4 hour timeframe As well as the weekly RSI and MACd which could have curled up bullish, has now been leaning to the down side. We could see low 4s before buyers step in. In the past 2 times we dropped to 3-4$ Buyers stepped in very quickly. I would be willing to do this also.
Bottom line if we can break and close above 7.79$ we could change the outlook… for now i will stay away