Demand Line & Support Line Hit at $29,990, Waiting for Breakout

5 Oca 2021

As a follow up from yesterday in this re-accumulation pattern, it appears that the shakeout has occurred, hitting both a support line and demand line intersecting at $29,900. Then, a secondary test of the supply line occurred. We will wait for the breakout (JAC) and backtest (BUEC) confirmation to happen above the fib extension mentioned yesterday before experiencing a new ATH. Moreover, there appears to be hidden bullish divergence according to the MACD. RSI appears poised to push upward on the 4 hr and the daily (barely). And we wait. Thoughts?

8 Oca 2021

İşlem kapandı: hedefe ulaştı

The $41300 target has been achieved! Now we wait for the next major re-accumulation phase.