Are we about to drop to < $6—to the lowest (purple) trend line?
Updated
Oh look, & we just lost the 7.60ish support—dun, dun, dun!
Seems to me that we still need to hit that lower trend line at least once before ATHing again.
Elsewise, we could pop up to 9.50ish to continue this boring flag.
Or if people are really feel crazy, we could shoot up close to $13.
But like I said, just under $6 seems the most magnetic to me. We shall see.
Seems to me that we still need to hit that lower trend line at least once before ATHing again.
Elsewise, we could pop up to 9.50ish to continue this boring flag.
Or if people are really feel crazy, we could shoot up close to $13.
But like I said, just under $6 seems the most magnetic to me. We shall see.
Trade closed: target reached
Ok, so now that we've found support by revisiting the lower trend, a new ATH is now likely to occur within 2-3 months—less if people get wild, which seems likely, given that we're all adventurers, out here in the "Wild West" of finance.
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.