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Antikythera_Mechanism
Jul 2, 2021 2:15 AM

PSFE Harmonics: Long-Haul Easy Trade! Long

Paysafe LimitedNYSE

Description

Please see details in the chart for the entry price on PSFE. Exit prices are the 0.382 and 0.618 retracement levels. Don't buy yet, it looks like it's heading to 8 dollars by around September-November. Easy money at that point, just a matter of waiting. Good luck, trade safely, and let's make that money!

Comment

I originally thought that PSFE had already hit it's bottom because one harmonic level coincided with the previous low; however, on inspecting the weekly chart, I noticed that there is a clear bullish-butterfly pattern indicating a long-term price reversal at 8.12 - 7.88. Price will likely bounce from 7.88 but I, myself, will make a graduated scaled entry into this price area, since it is a steal of a deal regardless.
Comments
avktm7
dang good call
Antikythera_Mechanism
@avktm7, Thanks sir!
JohnWyck
Wow. Great Post
Antikythera_Mechanism
@JohnWyck, Appreciated!
ankipate23
You called this dude. You still think it’s the same pattern
Antikythera_Mechanism
@ankipate23, Absolutely! I'm still waiting for price to hit 7.88 but it may have already hit the reversal price.
ankipate23
Hit that stop and overshot a bit but that was expected
carbonic
@ankipate23, do you think it will be 15
Antikythera_Mechanism
@ankipate23, For sure, for sure. Could potentially reach low 7's but I highly doubt it and it should have a good bull run shortly. I sold out of my calls already. I will collect any calls april 15th $7 strike, from $2.00 and below, if possible still.
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