***Not trading advice*** If the pattern can continue to follow the same trend as in the 2017 bull run we will end up begin august 2021 with a top around 250.000,00. Before a big sell off just like in 2018.
We are since the rally in a downtrend. Since we broke down the rising trendine, it works as an resistance.
We are currently still getting support from the 50 exponential on the weekly. The RSI is not where I like it to be I see 50 switch from bear to bull. And we still underneath that so that would say it indicates a bear market but I’m still very bullish. Because of all the news we are getting recently. And all the developments we are having surrounding blockchain....
We broke out of the downtrend were we are in since late September
Can we break this channel? And if we do so what would happen? Maybe a nice pump
We are going in this downtrend since late September. When will we break it and is it to the downside or upside?
If we break the decending support we will get a breakout going to put in a nice long there