Price is sitting on a historical resistance turned support that happens to also be the 23.6% Fibonacci retracement. StochRSI is way oversold and the bid books are stacked. I am thinking that this is a bull flag.
I expect something interesting in the coming week as China looks to exit positions for Chinese New Year (this starts 2/19). It may pump through the week if whales try to raise prices to exit their positions at higher profits, or it may dump throughout the week. I think it will be a solid week of trading, hopefully some good upward movement. Have fun!
I expect something interesting in the coming week as China looks to exit positions for Chinese New Year (this starts 2/19). It may pump through the week if whales try to raise prices to exit their positions at higher profits, or it may dump throughout the week. I think it will be a solid week of trading, hopefully some good upward movement. Have fun!