If we're going to continue moving up, that should happen any moment now as we're running out of runway for it to occur.
Should that happen, we form a HSi at the end of our bull flad which may look something like this. If so, we should revisit previous highs between 317-350 sats (see candle chart, this is line chart which I feel is better for getting a good handle on the average price over time).
Targets - 317 sats or so, 340-350 sats.
Bullish if -- a break above 350 may shoot us up to 417-497 in the near future, but we may hit 350 and drop a bit before that occurs. Should we continue above 497 as well, I feel we'll revisit our all time high and possibly make a new one.
Bearish if -- really if we move very much lower from where we sit currently, and then stay there for an extended period of time. I'd suspect that we don't want to get and stay below ~217-232 sats if bullish movement is going to continue. A move below 232 is decent cause for consideration of the bearish outcome. Really, it's best if we stay above the upper trendline AND the lower trendline, both of which we are sitting on at the moment.
Should that happen, we form a HSi at the end of our bull flad which may look something like this. If so, we should revisit previous highs between 317-350 sats (see candle chart, this is line chart which I feel is better for getting a good handle on the average price over time).
Targets - 317 sats or so, 340-350 sats.
Bullish if -- a break above 350 may shoot us up to 417-497 in the near future, but we may hit 350 and drop a bit before that occurs. Should we continue above 497 as well, I feel we'll revisit our all time high and possibly make a new one.
Bearish if -- really if we move very much lower from where we sit currently, and then stay there for an extended period of time. I'd suspect that we don't want to get and stay below ~217-232 sats if bullish movement is going to continue. A move below 232 is decent cause for consideration of the bearish outcome. Really, it's best if we stay above the upper trendline AND the lower trendline, both of which we are sitting on at the moment.
