six pfp
six
@six
I think there's a reasonable case the Hawk Tuah bottom is in. What we're seeing here is a confluence of a bullish RSI divergence, a MACD crossover, and a price move above the 50D EMA. The recent Fibonacci .318 retracement aligns with the .0002 support along with the Stochastic oscillator pointing to the asset being oversold. I'm a bit concerned about decreasing VWAP but on the chart you can see the Ichimoku Cloud beginning to counterbalance the downward pressure there.
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depatchedmode pfp
depatchedmode
@depatchedmode
I dunno. I see at least a few reticulating splines in there. Bearish. I foresee another leg down, possibly even a swollen ankle.
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