We have retraced to a healthy level.
The MACD is about to flip.
I think we will now proceed bullish up this new channel and might even punch back through the upper resistance where it will continue being the support (as it was before the pump & dump.)
The MACD is about to flip.
I think we will now proceed bullish up this new channel and might even punch back through the upper resistance where it will continue being the support (as it was before the pump & dump.)
Comment:
wow, I just realized I drew my Fib Retracement upside down. It should be the .382 not the .618. Doesn't change anything though, its still in the right zone. :)
Comment:
^My Fib Retracement was right the first time. Strange you can't delete comments. It is right at the .618 afterall.
(1) represents the starting point or 100% retracement.
(0) represents the ending point or 0% retracement.
(1) represents the starting point or 100% retracement.
(0) represents the ending point or 0% retracement.