Here is my ATH break prediction. This is only an idea. Red line below current price was the half-decade long upper-resistance line of a wedge that descended from 2021 ATHs. The steeper green trend line has held as support for the bull run since July of this year. The second, less steep, green trend line has held as support since June of this year. Depending on macro conditions, I predict that:
A) Either the steepest green line will get tapped in the *next 48 hours*, converting that red resistance line into support and launching our bull-run into the stratosphere
or...
B) The less steep line will get tapped in *the next week*, launching similarly from there into our long-awaited all-time-highs.
As you can see, there is a pile of overleveraged longs ready to be liquidated at 3950 and 3920 that Sessy and her crew have been salivating over. If option B occurs, there's one more band of liquidity, the overleveraged bulls who averaged themselves down from the first bands to 3880, which would also get liquidated.
Hold tight. The bulls will get their revenge.
A) Either the steepest green line will get tapped in the *next 48 hours*, converting that red resistance line into support and launching our bull-run into the stratosphere
or...
B) The less steep line will get tapped in *the next week*, launching similarly from there into our long-awaited all-time-highs.
As you can see, there is a pile of overleveraged longs ready to be liquidated at 3950 and 3920 that Sessy and her crew have been salivating over. If option B occurs, there's one more band of liquidity, the overleveraged bulls who averaged themselves down from the first bands to 3880, which would also get liquidated.
Hold tight. The bulls will get their revenge.
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.