1) IMO: It seems like we will be in a downtrend next week for a day or two towards the low of ~$560 to ~$565 before the bulls (retail investors sentiment) start buying in before Dec 21, 2020. Mainly due to S&P 500 listing. We could see heavy volume on the coming days to ~$608 to ~$636 - by Tues/Wed next week till near the end of the week due to FOMO and a bit of cool down/profit taking. If volume stays high past Dec 21 we might see a new higher high forming and a sell off...
2) IMO: we are in no mans land so it can go either way especially it doesn't hold support at the inverse cup and handle as indicated at ~$565. Which could bring the price as low as ~$490 or $463 before bouncing upwards with heavy volume higher highs...
3) Personally, I want to see the price lower than ~$540.
**Disclaimer: This is not financial advise of any sort nor I'm I a financial advisor. Trade at your own risk! Goodluck & Cheers!
2) IMO: we are in no mans land so it can go either way especially it doesn't hold support at the inverse cup and handle as indicated at ~$565. Which could bring the price as low as ~$490 or $463 before bouncing upwards with heavy volume higher highs...
3) Personally, I want to see the price lower than ~$540.
**Disclaimer: This is not financial advise of any sort nor I'm I a financial advisor. Trade at your own risk! Goodluck & Cheers!
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.