There are a handful of coins which are mooning right past their .618 from the local high after a retrace back to trendline. Examples include LUNA, SAND, and AXS. This coin exhibits characteristics similar to these coins that may suggest similar behavior.
1.) A sharp uptrend is present, this is a differentiator.
2.) Money flow crossing into green on the daily.
3.) Very similar fractal configuration.
1.) A sharp uptrend is present, this is a differentiator.
2.) Money flow crossing into green on the daily.
3.) Very similar fractal configuration.
Commentaire:
Note, LUNA and other examples appeared to reach the 2.236 fib, which is where I derived 833.