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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MJC
@mjc716
ichimoku is a notorious fake out indicator, but paired with the fib support and stochastic readout, i can see where you're coming from on this
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