#SNDL Just a matter of TIME ⏱️ before jumping higher🔥 Keep calm
Hi All, my main 3 take-outs from this analysis are the following:
1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now.
2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying a pullback just at the neckline.
3- The target f this technical pattern should be at around 0.65$ and I strongly believe that it might reach this level soon, confirming the completion of another pattern, which would be a double bottom (with the two bottoms being the one of Dec 6th and Dec 15th
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now.
2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying a pullback just at the neckline.
3- The target f this technical pattern should be at around 0.65$ and I strongly believe that it might reach this level soon, confirming the completion of another pattern, which would be a double bottom (with the two bottoms being the one of Dec 6th and Dec 15th
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
