This is $POPCAT / #POPCAT
I don’t think the bottom is in yet. The volume signature and price action still don’t align with a true Spring. but hey, alts have bottomed like this before.
This doesn’t mean the top of this rally is in either.
If we stall around the 0.5–0.618 fib, I’d expect one more leg down, a proper Spring would be ideal.
But if we rip to the top of the trading range, I’ll be watching the 0.618 retrace measured from the ST low to the Phase B high.
Just something to keep on your radar
I don’t think the bottom is in yet. The volume signature and price action still don’t align with a true Spring. but hey, alts have bottomed like this before.
This doesn’t mean the top of this rally is in either.
If we stall around the 0.5–0.618 fib, I’d expect one more leg down, a proper Spring would be ideal.
But if we rip to the top of the trading range, I’ll be watching the 0.618 retrace measured from the ST low to the Phase B high.
Just something to keep on your radar
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Trading Community: bit.ly/tradingcomm
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.