A few bottoming signals forming on the 6H for $PNUT.
-Price formed a 6H doji followed by a wick off bottom.
-Price is holding the 21MA on the 6H
-Price is holding the 0.382 fib level.
-4H RSI bouncing from median
If price drops below the last low at $1.45 then a retest of $1 at the 0.618 retracement level becomes thee more likely outcome, but for now things look great for a move to the upside.
-Price formed a 6H doji followed by a wick off bottom.
-Price is holding the 21MA on the 6H
-Price is holding the 0.382 fib level.
-4H RSI bouncing from median
If price drops below the last low at $1.45 then a retest of $1 at the 0.618 retracement level becomes thee more likely outcome, but for now things look great for a move to the upside.
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Disclaimer
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.