ARRR - Rough Seas Ahead Me Hearty's27th October 2022
ARRR me hearty's.
ARRR has crossed below the 2000 Satoshi's.
It is on a red TD 5 count on the weekly. Let's see how it closes out later this week.
If the TD count is to be perfected, rough bottom could be hit around the 21st November 2022.
It is currently in the OTE zone I have drawn, 1998 to 1918 Satoshi's.
But going off the Bollinger Bandsit could get down to 1887, and a spike to 1692. It may not hit these targets on KuCoin, but could very welll do it on Trade Ogre.
If it closes out the week below TD Support of 1956 Satoshi's, more head winds.
Keep an eye out Pirates!
The Bollinger Bands have squeezed, there will be rough seas ahead, ARRR.
Squeeze Momentum is about to flip positive, Money Flow is still in the red but could be bottoming out, and the price/volume oscillator is still below the zero line and heading south.
Batten down the hatches Pirates.
Time to drink some rum, ARRR.
Cheers,
Snake Plissken
