I was looking at the the key resistance and support levels- if this breaks to the upside as the pattern suggests, we could begin the rally into early 2022/Q1 that I am predicting. This one could be spicy due to the extreme supply crunch and accumulation observed over the past two quarters.
Of course there are some very key resistance levels to overcome, starting with the 20/21w MA band. A rejection from there could invalidate this TA or at least delay it and lead to more consolidation.
Of course there are some very key resistance levels to overcome, starting with the 20/21w MA band. A rejection from there could invalidate this TA or at least delay it and lead to more consolidation.
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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.