Beware, the #SPS is currently between two scenarios: if we lose the green rectangle, there's a good chance we'll go back to testing the 50% fibo.
Beware, the #SPS is currently between two scenarios: if we lose the green rectangle, there's a good chance we'll go back to testing the 50% fibo.
On the other hand, if this is not the case, there is no serious obstacle to another strong price surge.
#splinterland #trading
So with those 2 scenarios in mind, what's the play?
Basically, if you break the rectangle at the top, you'll be bullish in the short term; if you break it at the bottom, you'll be bearish in the short term.
I'll follow developments and post here.