Notes: * Strong up trend * Health care sector showing strength * Breaking historical all-time-highs of $57.9 with a very bullish week * Recently bounced from the 200 Day line and the 10 week line with very bullish price-action Technicals: Sector: Healthcare - Medical Distribution Relative Strength vs. Sector: 3.34 Relative Strength vs. SP500: 1.82 U/D Ratio:...
We have broken back above a Bearish Trendline and are Springing back above the 1.13 fib extension while testing the Neckline of a Potential Double Bottom and the RSI is back above the 50 line. Best case scenario here is that this price action is followed by a major Retrace to the upside between the 61.8% and 78.6% Retraces.
RSI is sitting at the 50 line while the price is sitting near the support line of the ascending triangle/three rising valleys this may lead to new ATHs.
This coin has been going crazy recently but we finally have gotten to see is slow down a little as it's breaking below a potential ascending triangle and below the 50 line on the RSI for the first time since the rally began so i'm expecting a decent pullback from here.
This right here is my demonstration of my 50% mark up on a chart basing it on two things, Institutional movements and Equal highs and lows candle bars going from High TF to lower TF (time frame) I tried to highlight the sell zones and the buy zones by color as best as i could. If there are any questions referring to this of how to understand it or how i use it...