CORE looks poised for a potential rally. After the sharp October 10 sell-off, price staged an Automatic Rally (AR) before pulling back, now potentially sweeping the October 10 lows. The December 1 candle managed to close back within the prior range on what appears to be capitulative volume a constructive sign.
The immediate focus is the monthly pivot. A decisive close above this level, followed by a sequence of higher lows, would strongly suggest that the bottom is in place. From there, the next key resistance sits around $0.26.
One step at a time: first reclaim the pivot, then build structure above it.
The immediate focus is the monthly pivot. A decisive close above this level, followed by a sequence of higher lows, would strongly suggest that the bottom is in place. From there, the next key resistance sits around $0.26.
One step at a time: first reclaim the pivot, then build structure above it.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.