This uptrend suggests price could reach prior highs by end of year r
After almost 2 years of consolidation it looks like 20% may be breached soon and then 25-30% likely in the future this year
Looks likely to continue lower as all signs suggest a rotation out of the dollar which will help stocks, metals and crypto move higher
DXY weakness translates into strong gold and now with fears of dollar losing reserve status and Russia buying record amount of Gold, there is a confluence of indicators suggesting now is a good time to be long gold over the next year or two
Bitcoin may show relative strength over many cryptocurrencies over the next 2 months
We may find that the next two years take digital currency market cap from $1T toward $5T
AMD may begin to show relative strength against NVDA this yearr
A pullback to 1950 would provide a good entry zone for then next wave up toward 2100
Handle forming now with potential to break out over the neckline next year
Breakout seems inevitable. Measured move suggests Gold to reach $2500+ by 2025
Under perfect symmetry ether could reach previous ATH by end of year
With all the fear about the dollar losing reserve currency status, I thought I'd check the chart to see how things are looking and I see a multi decade resistance level shown in the channel above. MACD and RSI are showing negative divergence and the 3 month candle price action suggests it can head lower in Q2
5 wave high completed at 4.25% and now showing potential to see 2.75% on wave C lower in Q2
As long as 400 is acting as support, the odds of testing 430 becomes more probable
Weekly MACD and RSI beginning to turn bullish suggesting a great opportunity for bulls to take a long trade First target .35-.40
20Year Yield looks like an ABC pattern down to 3.25% coming up next quarter
New trend emerging with a favorable set up. Risk 3.5% for 12%
Bullish signs pointing to a move towards 4400 this yearr