It couldn’t clear $742-fibo78. That created a possible distribution setup risk. In 2021 the issue was fear of excessive CapEx spending. This time there isn’t the same fear because ad revenue is increasing; in 2021 it was seen as burying money in the grave. At first, I think it will form a triangle like consolidation. But after the fibo78 rejection, I also can’t ignore the double top distribution pattern that’s showing up
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$META
It couldn’t clear $742-fibo78. That created a possible distribution setup risk. In 2021 the issue was fear of excessive CapEx spending. This time there isn’t the same fear because ad revenue is increasing; in 2021 it was seen as burying money in the grave.
At first, I think it will form a triangle like consolidation. But after the fibo78 rejection, I also can’t ignore the double top distribution pattern that’s showing up