The knifes edge
…the edge is 49-53. The knife is the ascending channel
This was my previous buy target. Now not so sure.
Plenty of bullish and bearish arguments here.
Bullish:
Mass adoption is here!!
RSI reversal div on 4hr is usually all I need.
falling wedge
Bearish:
Ascending expanding wedge
Ugly HNS pattern
30MA crossed 50MA on daily and weekly!!
Bear target still not hit
60-65 has proven heavy resistance twice this year.
I’m reconsidering my position. I expect my targets to hit, but need to assess the chart when that happens. I expect some little pop up to 62-65 at some stage soon, but it may not happen.
If 49 brakes, we’re going to 40
This is a warning that this area is dangerous, so if you’re in, expect 60 -65 to be a blood bath, as it has been for sometime. If your out, I’m considering targets around 50-53 and 40-42,
This was my previous buy target. Now not so sure.
Plenty of bullish and bearish arguments here.
Bullish:
Mass adoption is here!!
RSI reversal div on 4hr is usually all I need.
falling wedge
Bearish:
Ascending expanding wedge
Ugly HNS pattern
30MA crossed 50MA on daily and weekly!!
Bear target still not hit
60-65 has proven heavy resistance twice this year.
I’m reconsidering my position. I expect my targets to hit, but need to assess the chart when that happens. I expect some little pop up to 62-65 at some stage soon, but it may not happen.
If 49 brakes, we’re going to 40
This is a warning that this area is dangerous, so if you’re in, expect 60 -65 to be a blood bath, as it has been for sometime. If your out, I’m considering targets around 50-53 and 40-42,
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