Greetings everyone! My apologies for not posting something sooner, but the market was moving sideways and didn't have much to update until something happened. Either way this was our main pump I believe, and we could have another small increase, but I believe we'll get a lot of resistance around $7,800-$7,600 depending on how much further we move up and how fast. I personally believe we'll be going down after this steam run primarily because our RSI is making it lower & lower. Don't get too greedy with our rewards currently prepare for the worst just in-case!
P.S. I know in my previous idea I posted I'd keep frequent updates going but with sideways movement there's not much to say until my idea is proved valid or invalid. Hope you understand, but feel free to leave a comment about it if not. :)
P.S. I know in my previous idea I posted I'd keep frequent updates going but with sideways movement there's not much to say until my idea is proved valid or invalid. Hope you understand, but feel free to leave a comment about it if not. :)
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Well here we are I believe.. Possible for us to touch that top line, but I really doubt it. Hope everyone is enjoying their Monday!
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Well we broke that second trendline, but guess that should've been expected. If I remember correctly sometime in April we broke another trendline and everyone freaked out because we broke the trendline, and then it dropped lower coming May. Just saying be careful this could be a market swing, but my charts show sideway moving more.
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We could bounce up to that $8,800-900 zone, but eventually I think we're dropping down to $6,000 or below area.
My apologies to anyone who missed these movements. I hope you can accept. :)
My apologies to anyone who missed these movements. I hope you can accept. :)