Normal Scale breakout ? Hint for next log. scale breakout
I was checking a chart I don't use very often : the normal-scaled one.
As you can see we'll have a breakout in the next 2-3 days.
This could be a good indication (direction) for what's going to happen soon (in the next weeks) on the log. scale.
Check the linked chart (showing the next log. breakout).
Also, we can remark this :
- if breakout happen to the up-side : Ichimoku cloud will support it, same as the first level of fib. retracement (~388$) will
- if the breakout happen to the down-side : Ichimoku will strengthen the 1year downtrend line as a resistance
As you can see we'll have a breakout in the next 2-3 days.
This could be a good indication (direction) for what's going to happen soon (in the next weeks) on the log. scale.
Check the linked chart (showing the next log. breakout).
Also, we can remark this :
- if breakout happen to the up-side : Ichimoku cloud will support it, same as the first level of fib. retracement (~388$) will
- if the breakout happen to the down-side : Ichimoku will strengthen the 1year downtrend line as a resistance
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