batpattern
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$HYPE
Hype is giving us good indications of what can happen in the near future for its price.
#Megaphone - obviously intended to be bullish, signaling possible upward continuation.
#BatPattern - will complete if price reaches the boxed area; from there, the chart flips bearish.
#Volume - dropping since the local bottom, showing the move is weak.
#RSI - trendline broken, another confluence for possible short-term weakness.
• All this tells me that ideally, if all of these confluences were to play out, price should go up because of the Megaphone, reach the boxed area, and reject from there toward the 44–43 lows, forming another #Range in that area.
#TechnicalAnalysis
Hype is giving us good indications of what can happen in the near future for its price.
#Megaphone - obviously intended to be bullish, signaling possible upward continuation.
#BatPattern - will complete if price reaches the boxed area; from there, the chart flips bearish.
#Volume - dropping since the local bottom, showing the move is weak.
#RSI - trendline broken, another confluence for possible short-term weakness.
• All this tells me that ideally, if all of these confluences were to play out, price should go up because of the Megaphone, reach the boxed area, and reject from there toward the 44–43 lows, forming another #Range in that area.
#TechnicalAnalysis
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