CNSP has reentered a trading range if you look left.
Symmetrical triangle formation, in confluence with the 786 fib, and monthly resistance levels.
100% measured move on the possible breakout would put us near $4.20, and just under a historical closing range at $4.32 Possible targets above that would be the 1.618 fib at 4.66, or 5.27. All time highs would be 5.71
However, the RSI looks over extended on the 4HR and the macd implies buyers are exhausted
on the breakdown, i would look for support at the 786 fib at 3.35 or the 618 at 3.08
Beyond that weekly support would be 2.85 and not unrealistic that we would get a retest of support if we break to the downside.
Concluence with the 786 fib and the parallel trading channel in red, would imply we could find support at what used to be our monthly resistance.
If we fall out of that trading range, i would look for entry at 2.85 or 2.70
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.