Note on this uptrend that the BB widens, and price action takes us to the middle band, And it seems to be a rinse and repeat the cycle until proven otherwise, which is why I will not be adding to my short position(see previous AXS ideas) here. The BB seems to be tightening. Bear cross on the MACD daily time frame. Sell volume appears to be picking up. However, we are mindful that the sell-off may be short-lived. RSI under 70 is not the best look for a bullish continuation. A blue highlight can be an accumulation zone if you are Bullish. We may bounce off or near the middle band (blue highlight) and continue the uptrend. I am mindful that we may see side-way action before any move to the upside. Green zones are (Scam bids) Accumulation zones. DCA every $0.20 drop or $1.00(whatever works best). We have noted that we can fall off trend (currently channel to the upside) and are approaching with caution. I hope you enjoy this. Would you please leave a like follow if you want this content?
See you in Valhalla,
Best wishes,
HONEYITSGONE!
See you in Valhalla,
Best wishes,
HONEYITSGONE!
Comment:
(Check 1hour time frame) If we can break above 71$, we may see an extension to $73 before deciding on the next move.
Comment:
There is that accumulation I have been talking about. The patient will continue to see rewards. Take profit don't be greedy.
