Essentially, the resistance below has turned into a huge wall of support.
Going to need a few days to consolidate, but the ingredients are there and ready to cook. Maybe not exactly on the 12th. Expect rally to last until early Sept. once it starts.
Not giving any start or SL because I suck at technical analysis. You do you.
Going to need a few days to consolidate, but the ingredients are there and ready to cook. Maybe not exactly on the 12th. Expect rally to last until early Sept. once it starts.
Not giving any start or SL because I suck at technical analysis. You do you.
Trade active
She broke out ever so slightly! Hurrah!Also, please ignore my dumb ass posting in the comment section by mistake.
Note
Oh, no. My trade was already active. I suck at using this thing.Note
I originally figured it'd take until Aug 14th to see a see a substantial move, but I guess we're going through 44,500 today.Note
Aight, I guess "poking above 44,500 for a single candle" technically counts. >.>Note
There we go. Took a few more hours to truly get above the 44,500 mark. That means we've broken one of the three remaining minor resistance lines. 44,700 and 44,950 are the last remaining bits of resistance before making a new ATH.You might think 45,000 is a resistance area, but that was already broken on July 27th.
Based on the rate at which things are moving, I believe we'll be at a new ATH by August 18th.
Note
Tadah! Shame that's not gonna last. But we blew past 44,700, so now only 44,950 remains.Note
As expected, 44,950 was rejected. So far my predictions have been spot on, with the exception of my initial expectation of a slower rally. Pretty cool.Note
We got ATH early, but it was rejected for a retest of 44,950. Huh, pretty interesting.
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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.