THCBTC - Bounce off of 4H MA Cloud

THC has recently had a few upward price swings which have been respecting Ehlers MA cloud. With 4H momentum shifting to the upside and a bounce off the cloud, this is a good place to open up some positions.

Target taken from the 1.618 fib extension.

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Opening up positions on the anticipation of the 4H Ichimoku kumo breakout.

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4H View:

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Positions still open and waiting. Ehlers sentiment is currently bearish on the 4H chart, expecting it to flip bullish soon based on daily chart.