“Fed Hikes 25 Bps as Oil Surge Threatens December Rates”
CRCL technical setup suggests a bounce to $89+; fundamental tailwind from Clarity Act failure preserving stablecoin yield revenue.
This is a beautiful one, too, on the chart of circle CRCL. I bring you these breakout retrace plays weekly, if not every other day of this show because guys, they're so powerful and lucrative.
You don't have to do much to understand how this price action is breaking out. Simply rewind the time, scroll back on the chart. Look at this from this pivot high, take a trend line, draw it down to the next pivot, and draw that uh trend line and extend it out further, ensuring that pivot stays right there on that trend line.
And then this tells us the story. You can see when I zoom in, we had price action break above. We actually finally confirmed here and here. Retraced, bounced. Now we're getting another retrace play.