Hidden Bullish Divergence on $DPHC $WKHSLooking strong here, bouncing off the .5 fib retrace as well.
Dphclong
$DPHC $RIDE Consolidation until merger news $WKHSOn days like today, you have to zoom out and take in the bigger picture. As long as the support levels continue to hold, and PA follow the yellow algo trend line, this is still a bullish chart. If they break down, so be it move on to next SPAC, but it’s hard to stay bear when you know there is fundamental news coming, and the existing fundamentals support a higher price. Looks like there could be nice confluence between our next break out point, and the merger.
DPHC could also be forming a bear flag, $25 test is hugePutting more stress on the price action around $25, $DPHC STOCH and RSI are looking like they are posing for a test of the Bullish Control Zone, so look for this test of resistance soon. If it fails, we could be confirming the bear flag, sadly. Daddy EV TSLA will play factor here.
KEY TURNING POINT HERE! BREAK AND WE GO TO $30LONG TERM SUPPORT AND RESISTANCE TREND LINE + POTENTIAL 50/200EMA DEATH CROSS BEING DEFENDED + COMPLETE FIB RETRACE = FIGHT FOR PRICE ACTION.
Break above here and DPHC is moving back to $30
