We have decrease vol, on a downtrend therefore this is normally a bullish sign of things to come.
we are getting sqeezed to the end of the wedge, do something will give. will bears win or bulls win? I give 80% odds on bulls here,
1.4 is the wedge support line, this should hold, if not we, drop to 1.30 fast. Then the long bull trend line in blue at 1.30 is the do or die moment. I think it will continue upward to 1.90 in coming weeks.
If not, sell the breakdown, and reenter Theta under 1$, and earn yourself 30% more theta for free.
we are getting sqeezed to the end of the wedge, do something will give. will bears win or bulls win? I give 80% odds on bulls here,
1.4 is the wedge support line, this should hold, if not we, drop to 1.30 fast. Then the long bull trend line in blue at 1.30 is the do or die moment. I think it will continue upward to 1.90 in coming weeks.
If not, sell the breakdown, and reenter Theta under 1$, and earn yourself 30% more theta for free.
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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.