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Kevin Matte
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IMO I don't think the price action will go down again. In the daily chart as well as in the weekly chart, we can see the 9's (tom demark sequential 9 indicator tool) forming. This indicates a potential reversal! I could add that in the daily chart there are positive divergences, especially with the MACD, KDJ and Momentum... The price could go back down to around $126; there is a big "wall" of buyers on the order book...
Kevin Matte : IMO I don't think the price action will go down again. In the daily chart as well as in the weekly chart, we can see the 9's (tom demark sequential 9 indicator tool) forming. This indicates a potential reversal! I could add that in the daily chart there are positive divergences, especially with the MACD, KDJ and Momentum... The price could go back down to around $126; there is a big "wall" of buyers on the order book...
blurboiboi : There’s a chance it may bounce from the 200ema too
TiA Wong OP blurboiboi : Yeap