Hi all,
Possible long setup. A nice formation is forming, clearly visible in the 4 hr timeframe. If to be broken i expect a surge to the 161.8% extension level (swing high former all time high, Swing low start of that trend) which is actually bringing us to around 28$. I don't expect the former ath (in red) to cause to much resistance as is didn't show any significance within the pennant.
Possible long setup. A nice formation is forming, clearly visible in the 4 hr timeframe. If to be broken i expect a surge to the 161.8% extension level (swing high former all time high, Swing low start of that trend) which is actually bringing us to around 28$. I don't expect the former ath (in red) to cause to much resistance as is didn't show any significance within the pennant.