We just hit the top of the wedge.
It looks like we a due for one more leg down, this will allow us to create a double bottom around 163, hit the Gann Fan 3/1 support, and reset the daily StochRSI.
Price will likely shoot up from there.
Target is 205 for now, both the 50 and 200 MA should be located around that price and will create strong resistance.
We should see an increase in volume while breaking out from the wedge.
Not a financial advice.
It looks like we a due for one more leg down, this will allow us to create a double bottom around 163, hit the Gann Fan 3/1 support, and reset the daily StochRSI.
Price will likely shoot up from there.
Target is 205 for now, both the 50 and 200 MA should be located around that price and will create strong resistance.
We should see an increase in volume while breaking out from the wedge.
Not a financial advice.
Comment:
Nice reaction to 165. Sweet Bounce for alts, we are out of the wedge. Now let's get that daily close.. In 7 hours!
Comment:
Looks like we hit heavy resistance around 183-184. On the 4hr it looks like we will restest 170-172.
Comment:
Im open to 163 on Sept 11th.
If we go lower (confirmed) then 160 the idea is invalidated