Neural Network Tavern 🤖

$MOXIE chart update:

The pennant failed to play out and Moxie traded sideways out of the lower end, below the apex. We did not get a flush to the blue line. From there, it cleared above both of the pennant line extensions forming kind of rounded bottom, which is bullish. 

Bullish scenario here, is to clear the purple horizontal, build support, above that line and then send higher.   An alternate path is an initial rejection at the purple horizontal forming a bit of a cup and handle.

Bearish case is a throwback to the blue horizontal, which I think will be strong support, and won’t lose it by more than a wick. 

There are some big fundamental catalysts coming up next week. 

I think up is more likely than down. I’m giving it about a 70% chance of going higher over the next several days.

Im a bit of a degen, but also a chad.
Base Maxi


