Market Cycles: A Look at $EXK
Back in January, we started tracking $EXK, noticing it was dipping into a Yearly Cycle Low (YCL) decline evidenced by lower highs and lower lows.
$EXK is nearing ICL pic.twitter.com/d8gtGFp7bZ
β ππ’π«π₯π¨π―π¬π€π² πΊπ¦ (@airlovsky) January 14, 2024
We first noticed a big swing in early March which ended up being ICL and likely YCL. An assessment we made before YCL confirmation.
I think we can call this YCL for $EXK https://t.co/HxupOKO36P pic.twitter.com/qfxyWhAjVz
β ππ’π«π₯π¨π―π¬π€π² πΊπ¦ (@airlovsky) March 7, 2024
What's Happening Now:
We've hit DC2 and things are looking up as we aim for HCH. The median line should now provide support for the HCL decline.
Weekly Cycle
Now on week 11, the price continues to push higher to HCH. The price is overbought as we are outside the Keltner Channel but until we get a weekly swing high, we are likely to continue to push higher.
Looking Ahead: