HUT Within channel boundary, all fine locally

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HUT Wave 1 appears complete at the channel upper boundary on bearish divergence.

For now the probability is to the upside and the trend is in tact. However, wave (B) of 2 looks complete. Wave C is expected to be strong and scary, capitulating many. Price is expected to terminate at the 0.382 Fibonacci retracement, High Volume Node support and rising daily 200EMA.

Daily RSI has printed bearish divergence from overbought but also bullish divergence at the EQ. This is ambigous.

Continued upside has a target os the $82 High Volume Node resistance.

Penafian

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