Weekly chart looks due for a pull back higher in this downtrend. Take some consolidation before pushing down to 4000's.
Target 8K, downtrend res, 16W EMA, 50W MA
Rebound on the 0.23 fib level a third time, just like in 2014 for a final push to the major downtrend line.
Daily macd curve up, RSI overbought.
Will mimic 2014.
I see 8k on 15/07 and then lower to 4.5k before the end of august.
Target 8K, downtrend res, 16W EMA, 50W MA
Rebound on the 0.23 fib level a third time, just like in 2014 for a final push to the major downtrend line.
Daily macd curve up, RSI overbought.
Will mimic 2014.
I see 8k on 15/07 and then lower to 4.5k before the end of august.
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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.