Last idea posted went accordingly and we near the 50k mark.
**This is just a quick idea, since I currently don't have much time to make a more in depth analysis.**
These are the 3 possibilities I think possible.
1-UP UP UP AND AWAY (GREEN):
Pretty self explanatory we convincingly break the 50k mental barrier and continue our way up.
2-UP DOWN UP (BLUE):
The 50k resistance will stop the momentum momentarily and we will likely trade between previous ATH and 50k
3-DOWN DOWN UP (RED):
We will go back down in the 30k-40k range before going back up.
Yes even my worst scenario is pretty optimistic, but keep in mind since I don't have time for thorough analysis these are just my ideas.
We can also keep in mind that we are still early in the parabolic ascent (shown on left chart) and still have plenty of upwards pressure.
I hope this helped you in your analysis. Thank you for reading
**This is just a quick idea, since I currently don't have much time to make a more in depth analysis.**
These are the 3 possibilities I think possible.
1-UP UP UP AND AWAY (GREEN):
Pretty self explanatory we convincingly break the 50k mental barrier and continue our way up.
2-UP DOWN UP (BLUE):
The 50k resistance will stop the momentum momentarily and we will likely trade between previous ATH and 50k
3-DOWN DOWN UP (RED):
We will go back down in the 30k-40k range before going back up.
Yes even my worst scenario is pretty optimistic, but keep in mind since I don't have time for thorough analysis these are just my ideas.
We can also keep in mind that we are still early in the parabolic ascent (shown on left chart) and still have plenty of upwards pressure.
I hope this helped you in your analysis. Thank you for reading
