It's looking like were setting up for a nice triple bottom which should give some confirmation to the end of the bear market. We are very close and need some sort of catalyst or confirmation so all the sideline money feels comfortable again.
We are printing higher lows but it looks to me like a rising wedge into a short term resistance. Overall I think we need to run at 10k again. We'll see what happens when we get there.
Looks like the standard bart simpson here, still trending up unless the line is broken.
We've now broke through the down trend and have 3 days of confirmation. The RSI is looking good at 55 and climbing and the MACD is showing signs of strength. I'm assuming we will pull back again close to the down trend line and hopefully bounce hard after that. I originally thought this bear trend would take us back around the 5900 range but i think theres to much...
RSI above 50 and starting to break out of this down trend, if we can close above it and continue higher we might get bullish at least for the short term. Please give me some love, I'd love to start chatting. Thanks!
The range looks to be shrinking and forming a wedge pattern, looking for a breakout in either direction. Thoughts?