$DADDY forecast (part 1) “LateAtNight on bed looking at charts”"IF" $DADDY is really going to the moon we can expect something like this.
> More than likely we can expect the daily low getting cooked with a wick, but no body closure. (0.04831)
> After the low gets cooked price can trade back into the previous range. (Yes, "can"we don't assume or hope; we trade what we see, not what we think. Based on this being a HTF long-term forecast, anything is possible. I am charting what I see as likely to occur when price approaches these areas.)
(These price tags indicate my personal expectations for possible turn arounds/ targets in price.)
> We want to see price close above the daily fractal high, located at (0.07449) for a potential pullback and then continuation to the upside.
> (0.16529) can have a larger pullback than what l drew, but I can rather see a smaller pullback to then head to the
(0.19585) area and then for price to push back to the (0.12458) “area” and then trade higher. (note: price can go a little bit lower than (0.12458) before trading higher back to those highs, to eventually violate them.
- ChartMarkup done on mobile phone.
August 22nd, 2024
