After merger it looks like we have found a new floor at around $9.28 area. On the 1HR timeframe it looks like its starting a nice bull flag. After a big move like today we can expect consolidation before we see lift off again. If we can break the $10 resistance than the $12 resistance we could see moves all the way up to $20+ I believe. I also spotted a Morning star candlestick pattern on the 1HR which is suppose to show signs of a reversal. The first candlestick shows bears in control, then the second candlestick shows bearish indecision, then the third candlestick showing that the bulls are now in control. On the 4HR it looks like a Doji but the same rule should still apply. LMK what you see!
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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.