PATH just delivered massive earnings momentum! But here's the real question everyone's asking: are we looking at continuation or reversal?
Honestly? My money's on a pullback scenario. Here's what the chart's telling me:
First off, PATH just kissed the exact same ceiling it hit back on October 7th. That resistance zone? Still holding strong like a brick wall.
Second, the Stochastic RSI is completely maxed out. When momentum indicators get this stretched, you know what usually follows.
Not saying it can't push higher eventually, but short-term? The setup screams caution to me.
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DataOnlooker
· 6h ago
The ceiling is here again, and this time it’s really maxed out... The Stochastic RSI is about to go off the charts; a pullback is only a matter of time.
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GasOptimizer
· 12-05 04:57
It's already at the top and still going to rise? I doubt it, the stoch is already maxed out.
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TopBuyerBottomSeller
· 12-05 04:56
The resistance level on October 7 is really holding up. Looks like we might be in for a correction this time.
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SnapshotDayLaborer
· 12-05 04:55
Yeah, this resistance is definitely tough. It didn't break through in that October move either. The stoch is off the charts, so we need to be careful.
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MeaninglessGwei
· 12-05 04:42
Withdraw, this time it's really topped out. The stoch overbought signal can't fool anyone.
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OffchainOracle
· 12-05 04:37
When the stochastic RSI is maxed out, it's time to get out and wait for a pullback before getting back in.
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YieldWhisperer
· 12-05 04:30
Back to that line again, every single time... Should have stopped when the Stoch RSI was off the charts.
PATH just delivered massive earnings momentum! But here's the real question everyone's asking: are we looking at continuation or reversal?
Honestly? My money's on a pullback scenario. Here's what the chart's telling me:
First off, PATH just kissed the exact same ceiling it hit back on October 7th. That resistance zone? Still holding strong like a brick wall.
Second, the Stochastic RSI is completely maxed out. When momentum indicators get this stretched, you know what usually follows.
Not saying it can't push higher eventually, but short-term? The setup screams caution to me.