Reasoning is posted in the text bubbles. Note we have to be careful here due to what we see in the higher time frames (2 day)
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here is the same chart but you can click on it so it is easier to read
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also please note I put the price target of 11.3x due to the .5 fib level as shown by that dark green line. If we do have a strong move up we can expect fairly strong resistance in this area. We cannot say whether or not it is possible to overcome this resistance to then make it to the upper bollinger band until we see it start to play out
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Need to be careful as I said we need to be weary of the 2 day time frame and the energy crossed below 50. Also the green line in the 12h has turned back down. It looks like downward pressure continues at this point especially if that red rsi turns back down in the 12h
Need to be careful as I said we need to be weary of the 2 day time frame and the energy crossed below 50. Also the green line in the 12h has turned back down. It looks like downward pressure continues at this point especially if that red rsi turns back down in the 12h