Happy holidays everyone, hope everyone has a safe and prosperous upcoming year :)
Based on recent price action it looks like we could bounce between 4k and 200EMA for the next few days (potential double-bottom). I am expecting another (bullish) breakout before EOY. Support on weekly convergence has held in much stronger than anticipated and holiday/post-holiday hype could give us the added boost we're looking for.
Any dip and close under 4k would be a warning sign for reversal imo.
Based on recent price action it looks like we could bounce between 4k and 200EMA for the next few days (potential double-bottom). I am expecting another (bullish) breakout before EOY. Support on weekly convergence has held in much stronger than anticipated and holiday/post-holiday hype could give us the added boost we're looking for.
Any dip and close under 4k would be a warning sign for reversal imo.
Related publications
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.
Related publications
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.