Quick Update: It stopped at the support zone I mentioned and Now I think it should mimic the circled price action of December 2023.
There’s a clear symmetric triangle nearing a breakout and it can go any side as this pattern typically indicates a period of consolidation, with the price breakout direction being uncertain. In case of a bearish breakout, there’s a strong support zone between $74 and $73. I’d suggest you to wait until the price breaks out above the red EMA 20 line on this hourly chart.
Over the past two years ATD.to has traded seven times in a range bound in the upper side by the 50ema+8% (confirmed by an RSI of 70) and on the lower side by <50ema (confirmed by RSI below 40). It is again approaching the lower side of the range. A buy entry to the swing trade... I have been swingtrading 1/3 of my long position
Over the past year, ATD.to has traded in a range that is bound on the upper side by the 50EMA+8% (confirmed by RSI near 70) and the lower side by the 50ema (confirmed by RSI near 40)