Please note this is a monthly chart and will take some time to play out.
The rejection in the red box is based off a Long term triple bottom scenario, the target pointed out is short term for now.
why would this be a good short, well with the world sentiment and the U.S not in a very good place now, we could see this start to play out.
This would mean a great opportunity to jump in Crypto and rake them hearty returns.
Again this is just TA and could completely go the other way at any point in time.
Trade safe and well.
The rejection in the red box is based off a Long term triple bottom scenario, the target pointed out is short term for now.
why would this be a good short, well with the world sentiment and the U.S not in a very good place now, we could see this start to play out.
This would mean a great opportunity to jump in Crypto and rake them hearty returns.
Again this is just TA and could completely go the other way at any point in time.
Trade safe and well.
Note
$99.13 we should have a rejection off this level now (spf)Trade closed manually
Note
do not go into crypto - the whole tech market will take a dive
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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.