After the pot stuck bubble popped we've been stuck in some long complex correction most likely a WXY. If this counts correct we're nearing the end of this correction. It seems everytime ACB makes a major move it first forms bullish divergence on the 6 hour (2 or 3 touches ) I will be waiting for this divergence to form or if we break outta the downward trend line with volume and close above.
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We're seeing the 6H form bullish divergence.
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Watching for 3 points of bullish divergence to form at the start of next week if we want this bullish scenario to playout. Expecting to at least see $4.50
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If the support doesn't hold at $4.50 or the meme support doesn't hold at $4.20 our last two areas of support would be the end of the gold box $4.05 then last resort is $3.50. I'm seeing many bearish charts on Tradingview and Twitter pointing towards 3 dollar range. This makes me think we won't get to see $3.50 if everyone is waiting for it.
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4:20 please
Zoomed out -
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Still hoping for more down. Maybe the rsi will come bounce off this trendline once more creating a ascending trinagle on the RSI
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Still waiting- Still watching for the levels mentioned prior. Watching the 6H RSI.
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tradingview.com/x/gXRBT3d19 Nice bounce on the 6H RSI trendline. 55 ema coming down. Breaking above could give us chance to run a little.
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No break above 55 EMA out . Possible more acccumilation period as we wait.
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Rejectedat 55EMA as expected. Going back to test the 6 H RSI trendline. Thing is acting like a trampoline! We also got a 12WMA about to cross 21MA on the daily. ACB the king if slow
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This chop is brutal. Can we decide if it's moon time already. Rsi another bounce and another rejection at 55 ema. Weeeeeeee
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Capitulation? Looking to buy the blood. Once our 6H trendline broke we dove. Waiting for daily to close and earnings to come through
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I'm sitting on my hands. Waiting for confirmation of some sort of trend reversal even if its on a LTF
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Will try to find a new count for ACB.this idea is invalidated obvioulsy. No trade to take yet
Closing below 3.45 would invalidate this plan to buy.
Cryptographicc
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tried to load up more at 4.70... partially filled. Looking for this to jump hopefully hearings are good in the next 6 days,
PsYiiX
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So far daily looking bullish, how will it close
Cryptographicc
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let's goo I loaded up at 4.90 (should have waited for the overspike at $4.60 :(.
PsYiiX
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@ahmadmoharam, yeah I'm still holding off but I do expect some movement before the week ends. If possible DCA ing at these prices could help with lowering your average entry but i would wait for at least confirmation from bouncing rsi on the 6H or hitting the 1 to 1 extension at 4.45 ish