Nice setup on the daily chart signaling big moves lie just ahead.
Bearish or bullish outcome is yet to be determined.
In past bull markets the moving averages acted as key support and reversal levels when following breakouts and the ensuing pullback. We are at the point of decision in the current market. My speculation is that we will eventually see a bullish reaction. That being said we could see some extreme bearish volatility in the coming hours/days. It's really an opportunity for master level long entries or hodling your bag and not selling the bottom.
Brighter days lie ahead.
Not Financial Advice
Bearish or bullish outcome is yet to be determined.
In past bull markets the moving averages acted as key support and reversal levels when following breakouts and the ensuing pullback. We are at the point of decision in the current market. My speculation is that we will eventually see a bullish reaction. That being said we could see some extreme bearish volatility in the coming hours/days. It's really an opportunity for master level long entries or hodling your bag and not selling the bottom.
Brighter days lie ahead.
Not Financial Advice