The GLQBTC chart on the weekly timeframe is in a flat and at the end of its long-term channel. A clear divergence is visible on the RSI.
We are at the end of the accumulation phase, and with the breakout of the downward trendline, a price explosion and a move toward the top of the channel are expected.
Don’t forget risk management !!!
We are at the end of the accumulation phase, and with the breakout of the downward trendline, a price explosion and a move toward the top of the channel are expected.
Don’t forget risk management !!!
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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.