Unicorn Fart Dust - Showing signs of accumulation with a Wyckoff Creek.
Signs of accumulation are what I favor, rather than a "buy & hope" gamble, in the middle of a selling climax or Distribution end.
This extremely volatile meme coin may be showing signs of accumulation rather than a continuation pattern to the down side.
The creek suggests that this could be phase B of accumulation. It's possible that price could print a ST in phase B or perhaps a Spring at some point: implying that a lower local low is not impossible. If that were the case, I have a lower retracement area (the 2.618) for a potential support zone.
-Not Financial Advice-
Signs of accumulation are what I favor, rather than a "buy & hope" gamble, in the middle of a selling climax or Distribution end.
This extremely volatile meme coin may be showing signs of accumulation rather than a continuation pattern to the down side.
The creek suggests that this could be phase B of accumulation. It's possible that price could print a ST in phase B or perhaps a Spring at some point: implying that a lower local low is not impossible. If that were the case, I have a lower retracement area (the 2.618) for a potential support zone.
-Not Financial Advice-
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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.
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.