Greetings fellow traders!
If your way of Technical Analysis is strong...
Then the path will show its way...
(*Asian sound effects*)
Short-Term:
Looks like a descending broadening wedge. Which has high probability of breaking out to the upside. However, we need to see candles closing significantly above the resistance. For a bearish break out vice versa.
Mid- & Long-Term:
First of all my apologies. Apparently I had my chart of yesterday's analysis at logarithmic scale. Hence I drew an incorrect analysis of this term. Currently waiting for short-term patterns to merge into a mid-term pattern. Overal I am bullish!
Target 2021: Currently undetermined.
If you have any questions, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
If your way of Technical Analysis is strong...
Then the path will show its way...
(*Asian sound effects*)
Short-Term:
Looks like a descending broadening wedge. Which has high probability of breaking out to the upside. However, we need to see candles closing significantly above the resistance. For a bearish break out vice versa.
Mid- & Long-Term:
First of all my apologies. Apparently I had my chart of yesterday's analysis at logarithmic scale. Hence I drew an incorrect analysis of this term. Currently waiting for short-term patterns to merge into a mid-term pattern. Overal I am bullish!
Target 2021: Currently undetermined.
If you have any questions, do not hesitate to leave a comment.
Good luck, be careful and may the trend gods be with you!
