bambam, normally 618 fib is a good support when things are going...

bambam, normally 618 fib is a good support when things are going down but in this case, it got way oversold, as now we are looking at it as a resistance to the up at that 618 fib on my chart, the expectation of news might hold it above that fib line, it will need to be soon otherwise back down we will go...some of the indicators are coming into overbought on the daily, in some cases, it will pull back to have a breather for short period...

2 & 4-hour charts are not much used for me ... 1 min,5 min 15 min, & 1 hour for if I am day trading,....or as a long term holder I only use daily & weekly...IMO
yes, we do have a break out at the moment but how far it will go that is a good question, & some will certainly ask...I expect it may reach 60c at 0.5 fib line at some point.. as that is a Major resistance...@ReezA