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revilo1987
May 6, 2021 7:35 PM

SNDL's (next) last drop ? Long

SNDL Inc.NASDAQ

Description

Seems like the Cryptos took to much Liquidity.

This is the second VPOC in the row and a wedge formed.

Keep in mind that we are still in the decline chanel !!! But the oportunities are strong for a strong but stepped upward movement.
Comments
FrancescoMerlettini
Hi agree with your analysis. Interesting to see the volume profile in this chart. To your analysis I would add that if you connect the lows of Dec 18th 2020 and Jan 26 2021, always in the H1 chart, you'll see that this trendline reaches exactly the 0.7$ price level where it is bouncing now..
franciscotavares2010
@BehindTheTrade, it´s possible your analisys, don´t forget you have a "stong" lower before Dec 18th and a "stronger "lower before, let´s see next days and earnings , or perhaps can go down and fill the GAP Nov 27th
revilo1987
@franciscotavares2010

I agree with that one, but the highs went into accumulation and the move up doesn't need to be tested again.
It just needs volume now, which will come from crypto currencies in the following days I guess.
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