Ideally, would like to see 65m candles outside and above the cloud within the next few days early by end of next week to confirm this idea.
Normally, price action in the ichimoku cloud shows indecision, but it's normal that we gapped down and fell into the clouds after the announcement of an offering. I see news like this as an opportunity to buy the dip.
On the 65m, we have bounced from a lower trend line from Feb 1st swing low. and looking to test top of the channel.
Higher time frames are also bullish with candles above the clouds.
PT $39.03 by end of month
Normally, price action in the ichimoku cloud shows indecision, but it's normal that we gapped down and fell into the clouds after the announcement of an offering. I see news like this as an opportunity to buy the dip.
On the 65m, we have bounced from a lower trend line from Feb 1st swing low. and looking to test top of the channel.
Higher time frames are also bullish with candles above the clouds.
PT $39.03 by end of month