$F TOP 20
Added 2024-02-19 20:45:41 +0000 UTC$F chart is going against my opinion on the market and we have been in this situation before so I will just let the chart do the talking here.
There is not denying that the chart is looking healthy here now, holding back above the blue line at the 0.618 Fib, the price action is now back above the 50 and 200 Day MA and working its way to the top of the wedge at the yellow line again at $14.30
This could be a strong resistance level as it has been since August '22.
A break and hold above this level and the bulls have been able to do what they have not been able to do in 18 months and turn this bullish.
I also like how the 1.618 Fib aligns with the June '23 high at $15.35.
Bulls are in a good position right no.
