Rapid Fire Charts:
$UFD
You should be bullish about unicorn fart dust right now!!
Why? Because it just survived one of its biggest stress test. If we pull back and look at the 12 hr chart, we can begin to see the structure that is shaping out for
$UFD and its a pretty one.
All this time, despite some of the growing FUD and crazy market dynamics,
$UFD has been in a bullish upward channel (between lines A and C). It clearly bounced up from the support line A last night, which is super bullish sign because it tells you that
$UFD is staying in this upward channel and that the trend HAS NOT changed.
Furthermore, the 12-hr Stoch RSI is at its low and has just crossed over, which is signaling potential bullish momentum. In the previous time this has happened, we see green candles follow. When long term indicators are flashing bullish signs, they are more probable (compare to short time scales).
The dragonfly doji candle we saw briefly last night did not ultimately print but the candle we have instead is still bullish. I hope to see we get back up to the B line and above but as long we stay above the A line, you have to remain ultra bullish.
When we break above the C line, thats when parabolic magical stuff happens! And thats where I think we are heading if you saw my last chart.
NFA. Stack those beans!
🦄💨✨