We are almost at the end of the pennant, with most indicators being oversold.
SAR should turn bullish in the next 4~18 hours, along with a huge Ichimoku cloud hovering just below it acting as a strong support line.
With the consolidation for the past 3 days, 4H/6H/12H StochRSI are at its very bottom right now and that will ensure a long uptrend for at least a week.
If should it break above the pennant, we should be expecting to see at least $40~70 increase in price. That'll probably bring us to the big resistance of $680.
Take an exit strategy at $610, long position at $630. (Only if there's a volume spike behind it, as price can move quite a lot during consolidation even without huge buys/sells)
SAR should turn bullish in the next 4~18 hours, along with a huge Ichimoku cloud hovering just below it acting as a strong support line.
With the consolidation for the past 3 days, 4H/6H/12H StochRSI are at its very bottom right now and that will ensure a long uptrend for at least a week.
If should it break above the pennant, we should be expecting to see at least $40~70 increase in price. That'll probably bring us to the big resistance of $680.
Take an exit strategy at $610, long position at $630. (Only if there's a volume spike behind it, as price can move quite a lot during consolidation even without huge buys/sells)