Monday, October 30, 2017 11:21:53 PM
We're consolidating while putting pressure on the 78.6% fib line, which is a healthy dynamic. This means that any new PRs will not be "sell on news" type stuff. You can kind of see where the channel is on the 61.8% line. Right now we're at the bottom, pressuring the bottom of this channel as a resistance. Looks like MACD has to reset a little bit for a few days to a week before it's ready to move back up. I feel it will remain at this point until then.
So the question is; is something coming?
I think so. And this is the sweet spot imo.
I can only provide my own speculation and theories. I am not qualified to offer any
investment advice. Everything I post is my own opinion. DO YOUR OWN DD!!!!!!!
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