Nano having previously rumbled the support area has 2 more distinct areas with plenty of fib confluence.
From bottom to top 0.382 and 0.5 find the two support areas.
Then the 3 recent pivots from the top shows ABC - C wave target in similar areas for 1:0.618 and 1:1.
...
First price target for 1:0.618 ABC @ $4.9 -$4.43
Second price target for 1:1 ABC @ $3.2 - $2.8.
I will be buying in these areas.
Not advice.
From bottom to top 0.382 and 0.5 find the two support areas.
Then the 3 recent pivots from the top shows ABC - C wave target in similar areas for 1:0.618 and 1:1.
...
First price target for 1:0.618 ABC @ $4.9 -$4.43
Second price target for 1:1 ABC @ $3.2 - $2.8.
I will be buying in these areas.
Not advice.
Not
Price in a tightening descending channel making contact with previously rumbled support area.A lot of buying pressure in this support area will have been exhausted from the previous bounce.
From here price will probably either -
- Break to the downside
- Have a bounce to a regressive fib, probably 0.382 or 0.5 before continuing down lower.
Not
Outcome:- Have a bounce to a regressive fib, probably 0.382 or 0.5 before continuing down lower.
Price has broken through support. Earnings is coming up, but I wouldn't touch this after a impulsive support break. It could have a bounce on earnings but ultimately support is twice broken and very good chance lower prices are coming.
Not
Price has tested and had a first rejection from support turned resistance. It could hang around, but good chance price will be heading down again soon enough.Not
Activity and multiple fakeouts testing the support / resistance horizontal. After an extended fakeout to around $6.85 price has collapsed back to support and probably revealing where the trend is.This support has had a lot of testing now and this is building cause to the downside. I'm expecting a big drop soon enough and then some of the comments on this page may be humourous.
Not
There may be a small pop through the 50Dma, but a rip to the downside is coming soon enough. Too much touchy feely with support. Liquidity has been tapped.Not
Any questions?Not
1st target hit but I think there could be quite a way to go till the bottom yet. Things are starting to turn bearish across the board.Not
Now sub $3 - getting smashed 🔨 Not
Long way to go still and quite funny comments.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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Telegram Group: $50 per month✨.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.