TRCH Fib Analysis

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This is a quick overview of a recent runner $TRCH.

After gapping through all time highs. We have reached, and closed exactly at, the all time 1.618.

This resistance is just as strong as any other and I expect to see some reaction here. Along with this we have a bearish RSI divergence deep in overbought territory.

While we may continue well past this level. Expect a minor correction before any further continuation.

Penafian

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