I guess you must know this chart very well by now:-)
This is not an area to be long. Maybe it will break out of course but time wise it's around daily half cycle high now and must print a daily half cycle low within the next week or so before proceeding higher. So expect a few days correction to correct the sentiment from euphoric towards doubt and pessimism again. it has already checked the first demand zone, proving that there are still late stage buyers there. Cheers, P.
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.