Lots happening in this chart plus more that cant be shown in just one chart….but here are the facts:
- Daily SMAs overall curving up
- Resistance at $42k is obvious - need another couple of tries to break that
- Stock RSI curving down
- RSI peaked but broken structure, with key SR level at ~50
- Both 21 & 50 daily SMAs due to be around $36k level
- Coincides with weekly demand and PA SR flip
- Also aligns with 0.5-0.618 fib levels
So…get your buy orders in between $35-36k and hop on for the ride to $54k
- Daily SMAs overall curving up
- Resistance at $42k is obvious - need another couple of tries to break that
- Stock RSI curving down
- RSI peaked but broken structure, with key SR level at ~50
- Both 21 & 50 daily SMAs due to be around $36k level
- Coincides with weekly demand and PA SR flip
- Also aligns with 0.5-0.618 fib levels
So…get your buy orders in between $35-36k and hop on for the ride to $54k