High probability of seeing higher prices
Updated
I've entered long lately. Reasons:
- Technically the trendchannel/flag has been broken to the upside. Trendcontinuation is very likely.
- According to seasonality (10 years or longer) the price will peak in mid Octoboer/November (depends on the time period).
- As problems in the supply chain, inflation etc. doesn't get solved quickly it increases only the price increase.
Note
Still long. Could be a fake drop back in the channel. See the weekly chart:Note
You might want to take a look on a seasonality chart covering the last five years:
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.