/biz/ - Business & Finance

>>24430004
I got you fren. Last memelines before bed.
The 4H chart RSI is in overbought territory and on the 1H it seems to be slightly grazing the 80 line and moving back down. last green candle was actually a bit bearish (short body long high shadow) We'll probably see consolidation or small retracement in the next few hours.
The bottom line of the channel seems to be somewhat supporting/resisiting the price for now although it's been a while the channel hasn't really supported/resisted anything without a fib helping so I wouldn't bet on it.
Next candle will be past the interesection point between the yellow trendline and the fib retracement. However I expect support in this area to still be significantly strong.
The 23.6% fib retracement at .678 has rejected the candle twice these last 10h, I guess this is our new target for now until the next big one at .72