Any way you look at this, the chart looks insanely bullish.
The moves it has made in the arch looks a mirror to what it done throughout the years prior and gives me the impression we should see some aggressive moves upwards in the coming weeks. We can dip outside the arch as it has done that before, but it doesn't change its path. Lets hope it finds the momentum and reaches the Fibonacci target which is sitting in the 120-130 zone.
Alongside all of this, it's also testing a high volume level, so a bounce from here is more likely than not.
P.S:
Funnily enough, this is the exact same pattern as PYPL so I will be doing a copy and paste as the direction potential is the same.
The moves it has made in the arch looks a mirror to what it done throughout the years prior and gives me the impression we should see some aggressive moves upwards in the coming weeks. We can dip outside the arch as it has done that before, but it doesn't change its path. Lets hope it finds the momentum and reaches the Fibonacci target which is sitting in the 120-130 zone.
Alongside all of this, it's also testing a high volume level, so a bounce from here is more likely than not.
P.S:
Funnily enough, this is the exact same pattern as PYPL so I will be doing a copy and paste as the direction potential is the same.
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.