So, we broke the 50ma on the daily. The cloud is now acting as support. My prediction, is we go sideways onto the cloud, break through and run towards the 200 ma on the daily. If you set up bollinger bands the weekly must retest close to the ma. I am bearish right now, but we will see where we end up.
So around this mark in yellow, there was previous weekly support/resistance. The cloud could also be tested and act as resistance. 10k is a physcological barrier also as we then head into five figures.
Right now though, the bulls are charging and we could break through with ease and continue.
So, what a turnaround that was. Looking at the charts and the resistance points it was always going to happen.
Next target in yellow for me. Around the 10k mark. Top of the weekly cloud.
Will this be the top....
But, i'm a noob so could be wrong lol