We have a golden cross on the daily, with a macd turning bullish along with the RSI just barely below 50.
If momentum holds up and this does play out, that puts a target of just below 14k, matching the previous rally high. The Inv H&S is a bit sloppy on the left shoulder but could still play out as a downtrend reversal. I'm a nobody so don't use my advice to trade!
If momentum holds up and this does play out, that puts a target of just below 14k, matching the previous rally high. The Inv H&S is a bit sloppy on the left shoulder but could still play out as a downtrend reversal. I'm a nobody so don't use my advice to trade!
Note
A look at it from the weekly point of view
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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.