MACD is signalling a reversal
Long term falling wedge is in play here.
5k is absolutely possible late march - mid April.
Look for reactions to the support lines to determine your next move.
Fallings wedges generally indicate the bears are growing tired. We will see a very strong reversal on the break of this channel.
A break out may occur around 28th Jan - 18th Feb.
Long term falling wedge is in play here.
5k is absolutely possible late march - mid April.
Look for reactions to the support lines to determine your next move.
Fallings wedges generally indicate the bears are growing tired. We will see a very strong reversal on the break of this channel.
A break out may occur around 28th Jan - 18th Feb.
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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.
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.