Massive move w/ Metaverse coins taking off following Facebook news. Flag consolidation w/ volume drying up (selling pressure subsiding) and hidden bullish RSI divergence.
Additionally, RBLX, a metaverse stock, +34% to hit ATHs today which gives the Metaverse continued momentum. CEO is on CNBC tonight.
Think the animal spirits reawaken soon and we breakout to retest the ATHs
Additionally, RBLX, a metaverse stock, +34% to hit ATHs today which gives the Metaverse continued momentum. CEO is on CNBC tonight.
Think the animal spirits reawaken soon and we breakout to retest the ATHs
Note
Price hit the bottom of the flag and overall structure still intact even after the liquidation event yesterday, and it recovered better than most coins. This gives me more confidence that we'll see this setup play out soon. No one on CT is currently talking about this either as most were early (saw many posts about a flag on the 4hr that later broke down) and probably got shaken out by now👌Note
Got the big breakout on huge volume so far and plenty of room to run on RSI. Looking for this to head back towards ATHs. Congrats if you caught this one!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.