THE LAST CALL FOR THE LAST MONTH OF THE YEAR (CLOSING PART)
In my technical view on the previous analysis, that in general as long as the price moves above $1870/75 in the Time Span up to April 25, 2022 (+- 1 week), the price is in the Bullish Area and so far the bulls can take the control the price with the low at $1890.
Now the question is, what is the forecast for the next few weeks/months ?
[1] In the main chart approach above, we see that in April 2013 the bears were able to make a Downward Breakout and conversely in April 2022 the bulls were able to take control of the price with a possible $1890 being a low price. Therefore, if we follow this pattern, it is possible that in May 2022 or Jun 2022 the bull will be able to break through the $2075 high price of 2020. It will be signaled if the bulls can break out or close the price above $1990/95 followed by a breakout or close the price above $2005/10 to continue to test $2025/35.
[2] Conversely if the price can be closed by the Bears below $1975/70, then the possible pattern that will play is the Bulls may be waiting to re-enter to the market in May or June 2022, because usually these months are Cycle Lows. However if the bulls fail to hold on $1875 again in the Time Span until May or June 2022, then based on this chart approach (please copas this link : //s3.amazonaws.com/tradingview/snapshots/q/QR9hAFNP.png) the bears will retake control of the price. In this case, as far as in the time span to December 2022, the price doesn't fall below the $1725 March 2021 Low, then in technically as my view the bulls will retake control of the price.
ooOoo From The Desk Of New Bie ooOoo
Now the question is, what is the forecast for the next few weeks/months ?
[1] In the main chart approach above, we see that in April 2013 the bears were able to make a Downward Breakout and conversely in April 2022 the bulls were able to take control of the price with a possible $1890 being a low price. Therefore, if we follow this pattern, it is possible that in May 2022 or Jun 2022 the bull will be able to break through the $2075 high price of 2020. It will be signaled if the bulls can break out or close the price above $1990/95 followed by a breakout or close the price above $2005/10 to continue to test $2025/35.
[2] Conversely if the price can be closed by the Bears below $1975/70, then the possible pattern that will play is the Bulls may be waiting to re-enter to the market in May or June 2022, because usually these months are Cycle Lows. However if the bulls fail to hold on $1875 again in the Time Span until May or June 2022, then based on this chart approach (please copas this link : //s3.amazonaws.com/tradingview/snapshots/q/QR9hAFNP.png) the bears will retake control of the price. In this case, as far as in the time span to December 2022, the price doesn't fall below the $1725 March 2021 Low, then in technically as my view the bulls will retake control of the price.
ooOoo From The Desk Of New Bie ooOoo
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.