chopstikboi
Never have we seen CLSD cross on the weekly RSI to oversold. CLSD made new lows. The more I look at it, the more this looks like a possible bottom as the big picture shows a possible 5th elliot wave + if a possible wyckoff spring. Buy when there is blood on the streets? 2 year hold?
Short term price target $10-11. If break above the triangle PT is $25
Violation of multi-month channel. The support of the prior channel is now resistance. MACD is crossing down. I expect price drop to $9.
Breakdown on multiple week channel. Possible breakdown on H&S formation. RSI about to be oversold, so expect a small bounce before more down.
Severely oversold. Bears seem given up as price has hit original order block. Pirce target = $10. if break above triangle not sure, but $20 is possible.