TAKE, based on form and pattern projection, fully matches expectations!
TAKE on the daily chart: a single bullish candle +44% topping out at 0.093. After a wedge breakout, it directly pushed to the prior high—so is this the start of the main advance, or is there distribution happening right around 0.09?
Daily: open 0.061, high 0.093, low 0.060. In the 4-hour chart it’s even more intense: it rallied straight from 0.061 to 0.093. RSI: daily 95/75, 4-hour 100/93—overbought; volume surged, but it hits exactly the first major resistance after the decline. The green line is capped at 0.088–0.092—that’s the current neck.
TAKE is a high-volatility alt (a “shanzhai”), not something like BTC that moves slowly. Earlier, it dumped from 0.40 to 0.015, then ground out a descending wedge; today it broke through the upper boundary in one go. The rise is driven by the breakout and capital—whether it dumps depends on whether 0.09 can be held.
Structurally: 0.015 is the major bottom; 0.03–0.04 is the upper boundary of the wedge; 0.06 is the launch base; 0.09–0.10 is the nearby resistance; and anything above 0.17 is a much earlier top. Only if it breaks above 0.095 and the daily closes firmly there will new room open; if it can’t, it’s the standard “retrace after a prior high.”
Short-term plan:
Short-term: don’t chase above 0.088. First, see whether it can close steadily at 0.093; cut back if there’s a long upper wick.
Entry: 0.058–0.065 (a pullback to the launch base); if it breaks below 0.048, this breakout is invalid.
Note: If the daily close falls back below 0.072 and it can’t get back above 0.080, that matters. A quick intraday poke is not counted.
$TAKE
TAKE on the daily chart: a single bullish candle +44% topping out at 0.093. After a wedge breakout, it directly pushed to the prior high—so is this the start of the main advance, or is there distribution happening right around 0.09?
Daily: open 0.061, high 0.093, low 0.060. In the 4-hour chart it’s even more intense: it rallied straight from 0.061 to 0.093. RSI: daily 95/75, 4-hour 100/93—overbought; volume surged, but it hits exactly the first major resistance after the decline. The green line is capped at 0.088–0.092—that’s the current neck.
TAKE is a high-volatility alt (a “shanzhai”), not something like BTC that moves slowly. Earlier, it dumped from 0.40 to 0.015, then ground out a descending wedge; today it broke through the upper boundary in one go. The rise is driven by the breakout and capital—whether it dumps depends on whether 0.09 can be held.
Structurally: 0.015 is the major bottom; 0.03–0.04 is the upper boundary of the wedge; 0.06 is the launch base; 0.09–0.10 is the nearby resistance; and anything above 0.17 is a much earlier top. Only if it breaks above 0.095 and the daily closes firmly there will new room open; if it can’t, it’s the standard “retrace after a prior high.”
Short-term plan:
Short-term: don’t chase above 0.088. First, see whether it can close steadily at 0.093; cut back if there’s a long upper wick.
Entry: 0.058–0.065 (a pullback to the launch base); if it breaks below 0.048, this breakout is invalid.
Note: If the daily close falls back below 0.072 and it can’t get back above 0.080, that matters. A quick intraday poke is not counted.
$TAKE
