Scenario 1: DWAC continues the downtrend it is in, if it breaks 21 then I think that that it will fall until $17 support level. It is possible that DWAC will consolidate tomorrow and stay around this 21-23 dollar range, this idea is for if it breaks out.
Scenario 2: DWAC breaks the downtrend it is in and holds support at what it closed at today $21.29, first range to break is $22.35, don't expect a push above $23.86 unless we see green tomorrow + high volume. rsi has been low as the stock has been declining over the day.
I had a call for DWAC this morning that I lost some money on, I had confirmation of a bearing falling wedge before trading today but didnt follow through with a put because I thought cause trump announced he was running again that it would pump.
Scenario 2: DWAC breaks the downtrend it is in and holds support at what it closed at today $21.29, first range to break is $22.35, don't expect a push above $23.86 unless we see green tomorrow + high volume. rsi has been low as the stock has been declining over the day.
I had a call for DWAC this morning that I lost some money on, I had confirmation of a bearing falling wedge before trading today but didnt follow through with a put because I thought cause trump announced he was running again that it would pump.