Two resistance nodes were found on $28.44 and $33.67 on the daily TF.
Based on the MCB indicator, there is no sign of bearish divergence on both lower and higher TF.
Daily RSI is at the overbought area, and two nodes on the VWAP show two possible prices at (0.618/0.768).
Hoping for a healthy pull-back to $21.5 to pick up more shares.
No plan to shrink my holding until the $40+ area.
I think it will take us at least 6 months to reach the $40 area, and on MCB, I will expect to see both MF/VWAP trending out with a ton of bearish divergences.
Based on the MCB indicator, there is no sign of bearish divergence on both lower and higher TF.
Daily RSI is at the overbought area, and two nodes on the VWAP show two possible prices at (0.618/0.768).
Hoping for a healthy pull-back to $21.5 to pick up more shares.
No plan to shrink my holding until the $40+ area.
I think it will take us at least 6 months to reach the $40 area, and on MCB, I will expect to see both MF/VWAP trending out with a ton of bearish divergences.
Trade active
Cash-Secured PUT contract at $21.5Order cancelled
Cash-Secured PUT contract expired worthless at $21.5 on 12/23.Note
The projection that was previously mentioned of a healthy pull-back to $21.5. My expectation is to see the order-block between $21.5 to be filled and continue its momentum toward $28.44 and $33.67 nodes.
Expectation: MCB's shown weekly high, there are hidden bearish divergence on daily, and waiting for the healthy pull-back to be completed before heading higher.
Note
Marketcipher B has confirmed a green dot on the weekly, and I'd love to see $28 re-test and stay above before heading to $35.48 target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.