TLRY
Wow what a chart. Down over 95%. Will the bleeding finally stop?
Drop to 1.618 support with inverted hammer signals a reversal. Previous drops after pops have acted similarly as show on the chart with fibs charted out.
It is down out of that huge descending trend area, lost that long time support which could act as major resistance. Very interesting indeed.
Some chart info:
Moving averages are exponential. Indicator is by LazyBear called 8x MA with configurable lengths
Green: EMA 10
Skinny Red: EMA 20
Thicker Red: EMA 26
Orange: EMA 50
Light Blue: EMA 100
Dark Blue: EMA 200
Skinny Black: EMA 250
Skinny Purple: EMA 300
Bottom indicators are:
RSI (14, CLOSE)
Stoch RSI (3,3,14,25, CLOSE)
Stoch (5,3,3)
ADX and DI (14,20)
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the blue box area was front run and price never actually made it down there. but we knew price should rebound from there and move higher which it did. now its breaking out of huge bullish flag. its currently retesting previous downtrend resistance line as support. buying this retest is usually a good idea because price should continue higher from the retest to red box area where you can sell.
the blue box area was front run and price never actually made it down there. but we knew price should rebound from there and move higher which it did. now its breaking out of huge bullish flag. its currently retesting previous downtrend resistance line as support. buying this retest is usually a good idea because price should continue higher from the retest to red box area where you can sell.
These are my predictions as of now. They will most likely change in a few days to weeks. I will try to update.
Blue box: buy zone if support fails and price falls.
Red box: sell zone
God bless