A new high for $ELSA 7 days; current price 0.0952, previous high 0.08926.
Three common patterns after a new high:
① Pull back to the previous high without breaking below it, then make a new high: healthiest
② Choppy trading around the previous high: turnover, waiting for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
Currently above the previous high; first, let’s see whether it’s ① or ②.
#ELSA
Three common patterns after a new high:
① Pull back to the previous high without breaking below it, then make a new high: healthiest
② Choppy trading around the previous high: turnover, waiting for direction
③ Quickly fall back below the previous high and fail to reclaim it: false breakout
Currently above the previous high; first, let’s see whether it’s ① or ②.
#ELSA