As you can see the trend is still up on the 1day chart. Getting close to closing above the EMA ribbon cable. Volume is rising. Last time we had this trend started a big change like this was march 24th 2020 where it ran from was when it went from $6674 to $54,961 exactly 1 year later on march 24th 2021. The chart closed above the ribbon on April 24th 2020 which was the start of the big bull run.
This time around it looks like we will break above somewhere between July 21th to July 26th if the trend doesn’t change and we stay within the channel. This looks to be the start of the next 2020 type bull run.
Zoom in to march 24th 2020 and to july 21st 2022 to see what im talking about. There are yellow dotted trend lines showing the direction.
This time around it looks like we will break above somewhere between July 21th to July 26th if the trend doesn’t change and we stay within the channel. This looks to be the start of the next 2020 type bull run.
Zoom in to march 24th 2020 and to july 21st 2022 to see what im talking about. There are yellow dotted trend lines showing the direction.
