it might be ridiculous to say but if price were to fall back to 9-10 which even if it were too due to its massive runup in price. A retracement in current price action would only provide another opportunity long if one were to present itself. Currently the chart the left is the daily timeframe and the right is the weekly, currently we are in a range of a possible breakout if price were to breach 12.03-12.07 maintain hold next price target high 12s and hold. If the current hype turns out to be a bust i would re evaluate the entry. We are currently in overbought region based on the Rsi on the very bottom right.
On the weekly Rsi indicator we are currently in overbought region so lets expect a price retracement of atleast 16 percent so an ideal buy in target on bullish support would be 9.50.
On the weekly Rsi indicator we are currently in overbought region so lets expect a price retracement of atleast 16 percent so an ideal buy in target on bullish support would be 9.50.
infamousnicone