Continuing on from this idea: 
Popcat has been pushing up and has broke through the top of this ascending channel.
If price can stay above the channel, we could see popcat go for new highs (price discovery).
Chances are it comes back to test the breakout and fair value gap, before pushing up again.
chart shows this happening with then a decision point once it bounces as to whether there is enough momentum to keep it going back and making new highs or whether price needs to come back further.
Popcat has been pushing up and has broke through the top of this ascending channel.
If price can stay above the channel, we could see popcat go for new highs (price discovery).
Chances are it comes back to test the breakout and fair value gap, before pushing up again.
chart shows this happening with then a decision point once it bounces as to whether there is enough momentum to keep it going back and making new highs or whether price needs to come back further.
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Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.