As you can see from the chart, we've been in a downtrend channel since mid-May.
Price seems to be bottoming here. If price can break out above the channel (around the $16), we can see the start of a larger move.
The first hurdle to break will be breaking above the $46 level. If UVXY can do that, then I think it potentially has a clear path to the higher resistances on the chart.
I've long thought we were going to get a move up to the $80-100 level.
The last spike didn't fully materialize, which makes me think that if we see the move break out above the levels from April and last August, that we might finally get the massive moves to the top of the range.
Let's see if it plays out.
Price seems to be bottoming here. If price can break out above the channel (around the $16), we can see the start of a larger move.
The first hurdle to break will be breaking above the $46 level. If UVXY can do that, then I think it potentially has a clear path to the higher resistances on the chart.
I've long thought we were going to get a move up to the $80-100 level.
The last spike didn't fully materialize, which makes me think that if we see the move break out above the levels from April and last August, that we might finally get the massive moves to the top of the range.
Let's see if it plays out.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.