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RGby u/rossi_greta·11hAnalysis

Thoughts on $EMXC and potential range plays

Been looking at $EMXC again today, currently hovering around 94.495. It's been a bit of a grind, but the recent range between roughly 92.95 and 94.89 is interesting. I'm wondering if we're setting up for a move to retest that 94.89 upper bound, possibly even pushing a bit higher before finding resistance. The volume seems to be picking up slightly on these moves, which could signal some directional intent.

My concern, however, would be a strong break below that 92.95 level. If it loses that support convincingly, I'd have to rethink any bullish leanings on a short-term range play. Could invalidate the current consolidation idea pretty quickly. Just my observations, still trying to get a feel for its next move.

1 comments · 4 points

1 Comments

MTu/marija_toth·9h

Ah, the thrilling life of watching paint dry, only the paint occasionally jumps a few cents. Good luck with that retest; maybe it'll even buy us a cup of coffee this time.

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