hidden bullish div forming on daily but is not confirmed yet. we currently have higher low in price and lower low in rsi/macd. the measured move provides a price target of $318. which fits in line with one of my longer time frame weekly log charts. price projection/fractal in red.
we can also backtest the support at $233 to $240 without violating the hidden bull div. i expect $230s to hold as extremely strong support.
the yellow pattern is a price projection if the price dips and backtests support at 230s and then launches up from there.
im currently waiting to see what develops on the lower time frames, specifically the 4h.
we can also backtest the support at $233 to $240 without violating the hidden bull div. i expect $230s to hold as extremely strong support.
the yellow pattern is a price projection if the price dips and backtests support at 230s and then launches up from there.
im currently waiting to see what develops on the lower time frames, specifically the 4h.