i am focusing on the level where we got the double bounce about a month ago or so,
where we then went to fall under and have stayed under ever since.
We finally get a little run, and where do we get rejected? the same level.
So here is what i see happening, we fall to the upward trend line support.... and slowly grind our way into a rising wedge.
to where we then retest that line. we will pop above it.. and hit that downward sloping resistance and fall..
I think we got one more major push down.
I was calling for some far out price targets of the 5$ range, i don't know how i feel about that now. We will have to take another look at that..
But i do see 11 to 12$.
I am looking for a big red candle with some high volume, followed by some little candles with barely any volume before i start going full on bullish, i want to see this trend empty the tank, and i think its coming soon. ( 2 or 3 weeks)
I see alot of clowns coming out, saying 40 soon.. or 30$ is near. its not. all them youtubers are only after likes.
this happens every time we 2 or more green days... and so far... every single time... we sell off..
when the "bottom" is found, we will not touch it and just run up. we will retest and confirm. and maybe more then once...
dont get caught up with the bullish action. keep your eyes on the levels we hold on the macro retracements. Bullish engulfings on the daily candles... is a good indicator of a trend reversal/bottom.
When you get overly bullish, just look on the weekly chart. trend is your friend...
Sorry for the rant, all these fake tradingviewers, and youtubes are clowns. Reality check. No emotions.
Good luck,
where we then went to fall under and have stayed under ever since.
We finally get a little run, and where do we get rejected? the same level.
So here is what i see happening, we fall to the upward trend line support.... and slowly grind our way into a rising wedge.
to where we then retest that line. we will pop above it.. and hit that downward sloping resistance and fall..
I think we got one more major push down.
I was calling for some far out price targets of the 5$ range, i don't know how i feel about that now. We will have to take another look at that..
But i do see 11 to 12$.
I am looking for a big red candle with some high volume, followed by some little candles with barely any volume before i start going full on bullish, i want to see this trend empty the tank, and i think its coming soon. ( 2 or 3 weeks)
I see alot of clowns coming out, saying 40 soon.. or 30$ is near. its not. all them youtubers are only after likes.
this happens every time we 2 or more green days... and so far... every single time... we sell off..
when the "bottom" is found, we will not touch it and just run up. we will retest and confirm. and maybe more then once...
dont get caught up with the bullish action. keep your eyes on the levels we hold on the macro retracements. Bullish engulfings on the daily candles... is a good indicator of a trend reversal/bottom.
When you get overly bullish, just look on the weekly chart. trend is your friend...
Sorry for the rant, all these fake tradingviewers, and youtubes are clowns. Reality check. No emotions.
Good luck,