Laugh away, clearly you don't understand how to use TA or you wouldn't have made your statement.
No guarantee but the chart is positive and setting higher highs and higher lows.
Where is price working on resistance? Perfectly normal to have to work a bit at the the strongest market structure support/resistance bar top. Add the resistance from the 50day and bb top band and again very normal price action before another possible b/o. Considering a 100% move in 3 weeks consolidation is also normal, to be expected before continuing.
Draw a top trend line from second .26 through .32 and .39. Now draw a parallel line from .27 through .19 and 'walla' a very nice uptrend channel that was intraday tested by the .22 print and jumped right back up showing strength. Any time a large red volume bar prints very soon a larger green one prints signaling bulls still in control. rsi setting higher highs and higher lows and still in power zone. adx setting higher highs and higher lows.
macd showing strength.
Lastly the angle of price climb is reasonable rather than parabolic so odds are more sustainable.
Consolidation here is healthy IMO.
Whether it does or not price wants to continue up. Price cannot control news or shorters etc. which can trump charts in the short term. That said, decent news or anticipation of positive news and a double from here (.30) has high odds.
All IMO only
No guarantee but the chart is positive and setting higher highs and higher lows.
Where is price working on resistance? Perfectly normal to have to work a bit at the the strongest market structure support/resistance bar top. Add the resistance from the 50day and bb top band and again very normal price action before another possible b/o. Considering a 100% move in 3 weeks consolidation is also normal, to be expected before continuing.
Draw a top trend line from second .26 through .32 and .39. Now draw a parallel line from .27 through .19 and 'walla' a very nice uptrend channel that was intraday tested by the .22 print and jumped right back up showing strength. Any time a large red volume bar prints very soon a larger green one prints signaling bulls still in control. rsi setting higher highs and higher lows and still in power zone. adx setting higher highs and higher lows.
macd showing strength.
Lastly the angle of price climb is reasonable rather than parabolic so odds are more sustainable.
Consolidation here is healthy IMO.
Whether it does or not price wants to continue up. Price cannot control news or shorters etc. which can trump charts in the short term. That said, decent news or anticipation of positive news and a double from here (.30) has high odds.
All IMO only
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