Fullmoonfever
Top 20
Something I am always mindful of in moves like this on no substantial news is the liquidity event.
The known event coming is the 4c and none of us know entirely what to expect.
We presume min of similar as last, hope for a positive increase and desire a big uptick....yet to be revealed though.
From a TA perspective we have had a couple of wins in break outs (D & W) with supporting vol and buyers taking it to the incoming supply...will post a couple of chart updates later when chance.
However, always worth keeping in mind that recent several weeks have seen the sideways double / triple bottom ranging round .80 - 1.00.
If one was accumulating heavily in this period they would need a substantial liquidity evert to exit....expected 4c.
A known event as stated that can be utilised to drag those unsuspecting fomo, trader, short covering transactions allowing the accumulator(s) to sell into.
Just a consideration to keep in mind should the mkt see an average 4c in its view and we get a sharp reversal to test some support.
The known event coming is the 4c and none of us know entirely what to expect.
We presume min of similar as last, hope for a positive increase and desire a big uptick....yet to be revealed though.
From a TA perspective we have had a couple of wins in break outs (D & W) with supporting vol and buyers taking it to the incoming supply...will post a couple of chart updates later when chance.
However, always worth keeping in mind that recent several weeks have seen the sideways double / triple bottom ranging round .80 - 1.00.
If one was accumulating heavily in this period they would need a substantial liquidity evert to exit....expected 4c.
A known event as stated that can be utilised to drag those unsuspecting fomo, trader, short covering transactions allowing the accumulator(s) to sell into.
Just a consideration to keep in mind should the mkt see an average 4c in its view and we get a sharp reversal to test some support.