This is beyond crazy. Markets haven't been this overbought and overvalued for a long time now. The risk-reward ratio is great. Opening a trade.
Bearish momentum will come back and it will fall into the channel again.
The bear is waving its flag clear. Hitting resistance on the cloud and horizontal resistance with the momentum wells drying up. I'd put my bets with the bears to pull it down now.
broke the falling wedge. Reversing my previous position.
Bearish Flag forming. Short at the channel rebound
Not entering or exiting yet. Bullish FA. neutral TA
Classical charting says will go down. But who knows! ¯\_("")_/¯
depends on how the symmetric triangle plays out in the short term. With ETH 2.0 releasing, with stable BTC and looking to reverse trends, Long term bullish.
Probably a good time to wait and watch if it goes down the levels.
Strong BUY . Uptrend support. Stop Loss below horizontal support.
It does look like the symmetric triangle is ready to breakout. Disney vs Netflix may force the executives to make some decisions to make this happen. other Netflix having a mcap more than Disney (which includes four industries), which shouldn't last much longer.
This is going to start that uptrend again. Works on BQX everytime.