Setup
The price has been consolidating since the explosive move from ~50c to $3 last year. There has been a wide $1 price range between $2 and $3. A failed breakdown below a still rising 30-week moving average and new 4-month high suggest underlying bullishness.
Signal
Should there be any follow-through to last week's big up-move, then any pullback to the golden pocket between the 50% and 61.8% Fibonacci retracement levels could trigger a rebound.
The price has been consolidating since the explosive move from ~50c to $3 last year. There has been a wide $1 price range between $2 and $3. A failed breakdown below a still rising 30-week moving average and new 4-month high suggest underlying bullishness.
Signal
Should there be any follow-through to last week's big up-move, then any pullback to the golden pocket between the 50% and 61.8% Fibonacci retracement levels could trigger a rebound.
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Signup to my newsletter
(A weekly digest of the best trading education from around the web)
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Read and watch more educational trading content:
tradingwriters.com
(A weekly digest of the best trading education from around the web)
tradingwriters.substack.com/
Read and watch more educational trading content:
tradingwriters.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.