ALYI Confidently out of Monthly Defined Downtrend
Clearing this first resistance taking out Friday's highs will open up the possibility of testing the top of the rising blue daily channel. An escape of which may be unsustainably euphoric in it's ascent.
Another back-test toward the mid line of the rising blue daily channel may be possible also. Let's watch
Another back-test toward the mid line of the rising blue daily channel may be possible also. Let's watch
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Top of rising daily channel is proving to be a cause for a pause. Some back-testing incoming
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A test of the .0588 would be a deep back test of previous highs, and holding that level would maintain the up-trend and present a decent buying opportunity. Let's see if we go that deep. I would consider loading up depending on the macro background at the time... Given the volatility we may just resume upward and never see levels that low for some time.