This is $POPCAT / #POPCAT
I don’t think the bottom is in yet. The volume signature and price action still don’t align with a true Spring. but hey, alts have bottomed like this before.
This doesn’t mean the top of this rally is in either.
If we stall around the 0.5–0.618 fib, I’d expect one more leg down, a proper Spring would be ideal.
But if we rip to the top of the trading range, I’ll be watching the 0.618 retrace measured from the ST low to the Phase B high.
Just something to keep on your radar
I don’t think the bottom is in yet. The volume signature and price action still don’t align with a true Spring. but hey, alts have bottomed like this before.
This doesn’t mean the top of this rally is in either.
If we stall around the 0.5–0.618 fib, I’d expect one more leg down, a proper Spring would be ideal.
But if we rip to the top of the trading range, I’ll be watching the 0.618 retrace measured from the ST low to the Phase B high.
Just something to keep on your radar
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Trading Community: bit.ly/tradingcomm
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。