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chrisand13
Dec 2, 2021 7:49 PM

Bullish descending wedge formed Long

Cybin Inc.Arca

Description

As you can see we have formed a bullish descending wedge. RSI went oversold and is recovering now. Price is flattening and MACD is about to cross over. I think we go to test the downtrend by EOY. If we get rejected, re-test and breakout may come 1Q 2022. PT $4+ Lots of advancements coming out in the sector and by Cybin!
Comments
crypto_mushroom
Could you make an update on this stock?
chrisand13
@crypto_mushroom, Here ya go. Seem to be mostly in a holding pattern since this one.
crypto_mushroom
@chrisand13, So a breakout could possibly be around April?
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