Don't fuck with Kemet the Bearish TransCrabGood fucking morning ladies and gents!
It appears Kermit the Frog had a sex change operation to a Bearish TransCrab and is currently awaiting a medical procedure for a major retrace to the downside to fuck everyone that is fomoing right now. (More than likely of course). You are currently at the golden mean ratio where pending price reversal is at a significantly higher probability here. You are forming Class A Bearish Divergence on the Daily time frame at a critical resistance point. Too many overwhelming variables here and one of which I haven't mentioned is that you are currently overbought on the Daily RSI. I definitely feel safe taking a shot at a short on this at the current price.
Entry: Between current price and $27.93
Exit Targets: $21.92 and $20.58 for Common Targets and at A and C of the Harmonic Pattern. (Least likely but possible)
Stop: $28.88
No transcrabs or frogs were harmed in the making of this post.
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