Panjang
CLVS: ⬆️ ⬆️ ⬆️
Current price action is very reminiscent of the Wall St. Bets "Short Squeeze" Pump in late 2020 early 2021.
In 2019 and today, price remains anchored to the 1 Fib Extension Level with an ascending channel on Momentum and Money Flow on Cipher B (The White Channels I drew on the indicator). If this plays out exactly the same as it did in 2020, price should hit ~$4 which so happens to be a weekly resistance level .
Side Note: Fractals hardly ever play out exactly the same as before, but I still expect a pump nonetheless.
In 2019 and today, price remains anchored to the 1 Fib Extension Level with an ascending channel on Momentum and Money Flow on Cipher B (The White Channels I drew on the indicator). If this plays out exactly the same as it did in 2020, price should hit ~$4 which so happens to be a weekly resistance level .
Side Note: Fractals hardly ever play out exactly the same as before, but I still expect a pump nonetheless.
Nota
Probably Hopium at this point, but bullish Butterfly Harmonic is playing out. Need to flip the 1 Fib level at $1.8 as support.
Nota
D RSI coiling into a symmetrical triangle along with bullish divergence & a daily bullish engulfing candle if it holds. That being said, this pump could just be shorts covering. All indices look terrible with DXY breaking out.
Nota
CLVS tagging the 20 DMA along with D RSI tagging upper trendline. CLVS only seems to be breaking out in sympathy with NDX recovering all of today's losses. Good chance CLVS pulls back hereNota
D Bullish Engulfing candle intact. D RSI broke out of the symmetrical triangle to the upside. Broke 20 DMA (Shocking). Target of the Butterfly Harmonic is $2.3Nota
Ok, so this dumpster fire is currently getting rejected by an onion ring. $1.8 has to hold. Prior month's candle did close as a dragonfly, so there's some hope.
Nota
Onion rings have not been a friend to this ticker. Dragonfly candle has been negated. Expecting $1.23
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.