Hey guys,
We just hit the upper residence (yellow line) for the trend XWC had been forming over the past few weeks. Right now we are almost at the lower support (the orange line) of the 'channel' the trend has been forming. I'm thinking we'll hit the upper resistance once more, see a drop back down, and then hit the top of the over arching trend which has been forming over the past few months (the red lines, zoom out to see the trend). If all this works out we'll be sitting pretty around 1400 sats by mid-November. However, it is imperative that the support (orange line) holds for the next few days.
Please let me know what you guys think...am I being to hopeful?
Cheers.
We just hit the upper residence (yellow line) for the trend XWC had been forming over the past few weeks. Right now we are almost at the lower support (the orange line) of the 'channel' the trend has been forming. I'm thinking we'll hit the upper resistance once more, see a drop back down, and then hit the top of the over arching trend which has been forming over the past few months (the red lines, zoom out to see the trend). If all this works out we'll be sitting pretty around 1400 sats by mid-November. However, it is imperative that the support (orange line) holds for the next few days.
Please let me know what you guys think...am I being to hopeful?
Cheers.
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I would also like to point out the cup'n'handle that has been forming over the last few days...it's looking NICE :)