SighKing

SighKing

This thing has not broken trend in over a year. Can it keep going?

SighKing

If we break above and hold, then it's off to the mid 380s

SighKing

Need to get above the ATH to negate a drop to the lower trend line.

SighKing

Stuck in a range, but the break will be severe in either way.

SighKing

What do you think?

SighKing

Will post this weekly until I get a brand deal

SighKing

J

SighKing

The price has come into the mid-channel support that has been used as support and resistance since 2019. The short term trend is still within the bounds of the 1-month channel. The RSI has room to go down before it reaches the 50 mid-line and the MACD shows the beginning of a downward trend. The downward pressure might reverse around the 50 RSI, which would...

SighKing

The mid trend line has been used as resistance many times, but has also been used as support more recently. Further consolidation on the trend line can lead to a chance to test higher, but the combined indicator confluence leads to a more bearish short-term outlook.

SighKing

There are a few factors that could lead to an explosive upside move. There are a few scenarios. 1. Bounce off support, retest the support, resumption up and over resistance. 2. Bounce off support, test the resistance, break up in a H&S pattern. 3. Break the support, negate H&S, look for 12,300.

SighKing

This channel has been used as support and resistance in recent weeks and continues to validate. This signals an uptrend, but coincides with major resistance at 50,300-51,500 A close over 51,500 would create a medium-term bullish continuation. A close below the lowest trend line would negate the channel and signal a break to/below 46,000 Highest probability...

SighKing Updated 

Could be at the bottom, but it's best to wait for the knife to land first.