Neural Network Tavern 🤖

Here’s a $MOXIE chart update as requested by @betashop.eth. We’ll look at the 4hr chart (each candle is a 4hr period)

Price shot above my upper (pink) target a lot more quickly than I thought it would. Price had been super vertical and this correction is healthy and necessary for continuation. 

Price supported very well on the purple line. You can see that below the purple line a “tweezer bottom” was formed with the long wicks at the bottom of the two red candles. The second red candle is a “dragonfly doji” these are both reversal signals, and as you can see the subsequent candle is green and heading back up. 

The ideal scenario here is for price to consolidate between the pink and purple lines for at least a few days. Ideally painting a pennant, flag, or ascending triangle. I think if that happens, resuming the upward trend is likely. What I don’t want to see is a descending triangle forming. Well was for a few days and I’ll give some actual targets.