We have a double hold here on the 0.618 Fib and price is also using the 50 Day MA for support to make a higher low.
Price action is now between the 50 and 200 Day MA now too, so a break above the 200 Day MA at $69.15 and holding and we have a bullish signal for Wave 3.
The 1.618 Fib target for Wave 3 is at $80 is also aligned with the top of the channel trend line.
Remember $SQ is heavily correlated with $BTC because of its holding, if $BTC runs, then I suspect $SQ will follow.
slappindabass
2024-10-10 16:04:00 +0000 UTCByron Tanigawa
2024-10-09 05:16:01 +0000 UTC