Yea, looks like we just confirmed the 135$ resistance and were going sideways for a little while. Again, patience right?
TO WAIT..... OR NOT TO WAIT (for accumulation)? THAT IS TEH QUESTIONN..
TO WAIT..... OR NOT TO WAIT (for accumulation)? THAT IS TEH QUESTIONN..
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Volume spike on the last big green candle was larger than the last run up to 130ish range. Big players buying slowly?
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If we bounce upward, theres some very strong resistance to break through; the 200MA and the Bear channel resistance hanging overhead.
Current Case: Riding the 109 support, this could go on for some time.
Good Case: We break out, bounce off the 170 and back down to above the current resistance line of 133.
Best Case: Some big developement or big bulls come in and break through the 200MA and Bear channel, bounce off the 230 and ride the 170 support line.
Current Case: Riding the 109 support, this could go on for some time.
Good Case: We break out, bounce off the 170 and back down to above the current resistance line of 133.
Best Case: Some big developement or big bulls come in and break through the 200MA and Bear channel, bounce off the 230 and ride the 170 support line.
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Awesome Case: We break out completely and continue to follow the bull channel towards 400$ (light blue line extending upwards)