Just a quick markup to look back on this week while I re evaluate NEXO path. Quick glance looks like we may be developing a bullish bat pattern following the ascending triangle breakdown that appeared to be tracking nicely pre Elon meltdown comments. With a lot of announcements on Nexos horizon in near future, and the dividend around the corner, I'm looking for a bounce from the current support to get us back into the ascending channel. Will revise with a full markup when time permits this week
Comment:
I think it's pretty clear to say this idea failed. BAT pattern indicated reversal and we had a hard drop, regardless the news in the space as a whole can be attributed to the dump and not traditional TA. Looking forward to NEXOs future still but darn this hurt today