We have around 707 days remaining from today till the next halving, previous 2012 and 2016 halvings we topped out at the orange resistance line, the 2020 halving we did not hit the orange resistance line, just yet!
is it possible? yes imo it is, we are now forming a bull flag and starting to compress inside of the channel which means a big move ahead is imminent.
Sotchastic is also oversold on the weekly, and if you look at the RSI a breakout is due soon aswell
is it possible? yes imo it is, we are now forming a bull flag and starting to compress inside of the channel which means a big move ahead is imminent.
Sotchastic is also oversold on the weekly, and if you look at the RSI a breakout is due soon aswell
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.