Panjang
breakout intermediate
It does looks like there are absolutely no bears to further support the dump to $560, despite the strong resistance at $680 and a possible triple top/head & shoulders formation on June 5.
A look at this in another perspective: [See the one marked in blue]
As the formation of the pennant gets slimmer and with a decreasing volume, 70% chance it'll most likely head to the upside with a breakout. Once that starts, there'll be no stopping until $722.
If it does move to the upside, it will be pretty short-lived too.
This is also further supported by MCAD, RSI, Ichimoku cloud, & SAR on the chart.
A look at this in another perspective: [See the one marked in blue]
As the formation of the pennant gets slimmer and with a decreasing volume, 70% chance it'll most likely head to the upside with a breakout. Once that starts, there'll be no stopping until $722.
If it does move to the upside, it will be pretty short-lived too.
This is also further supported by MCAD, RSI, Ichimoku cloud, & SAR on the chart.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.