If we touch the red trend line, move 1-2% above the red trend line and test back for fork support, we are skyrocketing to 21K easily due to a massive 1 year long inverse H&S.The amount of bullish momentum that creates is astronomical. Also all the other trend lines are critical, copy them down on your chart. Lastly, we have a massive parabola forming (you can't...
The bottom trend line of the falling wedge is being avoided at all costs. There is only 3 touches of that trend line. We could have had a 4th touch but it was bought up. **The more touches you have on a line, the chances are that you will break through the line**. Now look at the top trend line of the falling wedge; we are constantly touching it and already had...
Falling wedges tend to break upward and retrace back up 80%. We are in multiple multi-year falling wedges with strong momentum building up, indicating a bottom has been set. The RSI along with MA 50 and 200 crossing coming soon indicates that we are bullish. Then, we will have to make 4 touches and make our way to 65 cents.
