$CAN Daily looks ready to break out of this reversal pattern (IHS), the weekly chart shows MACD crossover, and we are seeing nice accumulation during our last sessions.. Here are a couple targets I set for this swing play.
DOGEUSD breaking south of the symmetrical triangle.. with less volume and bearish indicators, it seems likely that we will come down to test the demand zone one more time, before bouncing for a possible move higher.
Bear flag broke south as expected.. i am still somewhat bearish on this.. something to keep an eye on, this is the strongest demand area for $MARA.. with that being said i would not be surprised to see this come down to tap 200ma only to gain momentum and flip this into an inverse head and shoulders.
$XL a lot of accumulation the past couple sessions, not too much volume being sold during these “bad” days.. Price action showing a lot of strength for this consolidation phase, after the breakout we come back to test as support before the next move up.
This might look like a normal bear pennant but if you look closer, you can notice we are close to breaking past some key resistance levels. A couple trend lines were breached and we are consolidating in a healthy manner, intraday macd starting to cross.
$MARA with the hidden bullish divergence on the daily chart. #Bitcoin is really starting to pick things up. Lets not forget $MARA will report earnings soon. I don’t see why tomorrow can’t be start of the reversal