Does the Death Cross Win....appears not at least short term.
As you can see the death cross on the daily is set to happen around June 19th. But almost every other indicator is showing a strong bullish push. The ADX and DI are coming very close to a cross up, this has been extremely bullish in the past. Also the has ribbons are showing signs of putting out a buy signal. Expect a week or so of sideways movement and then a push up to 47-55k. Not sure if we will make it to ATH's but in the short term we are looking good.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.