Posting what I see, as I always do, based on technicals. Sure, fundamentals are all bullish but we have all seen bullish fundamentals like ETF's become top signals. I will say $TRUMP coin was a massive top signal; add to that Michael Saylor on the cover of Forbes, and there are plenty of other things imho, but technicals are all I care about.
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The 50-day HMA is also catching up on the Monthly chart
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Massive Bearish Divergence on the Weekly. This was just the beginning.
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Long term trendline...
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Monthly Stochastic RSI crossing bearish
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Coming up on the second Weekly candle close below the 50-Day HMA and the third Weekly close below the 9-year long trendline and first bearish week outside of the Diamond-Top
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For referee on the Weekly 50-Day HMA and Stochastic RSI at its previous crossover and bearish flip
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When set to 30-Days the Hull MA has already flipped bearish.
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I can see a potential 11% rise to $107k as the Daily HMA lifts price before it gets rejected off the Weekly HMA by end of May 2025.
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Unless the bottom drops out completely here, of course.Note
And we broke down the day following the Weekly close that I had dated on the charts above.
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At a confluence of bullish indicators...Bullish Gartley with a Diamond Bottom and pick up of the 30-Day HullMA. Price currently at a Resistance trend line. Rejection here could see a Inverse Head & Shoulders still play out in the Bullish scenario...
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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.