there are 3 trend lines I saw and drew, the first is gold, 2nd is blue, 3rd is purple.
At trend line 1 after the first intersection the price bounced up.
Trend line 2 after the intersection, same thing happened.
Trend line 3? well they call it a trend for a reason lol
It seems that were headed back towards the supporting line on the most recent trend line (3). If it holds that support then the price will move towards $117 - $120.
If we do not hold support then we are looking at levels around $85-$90.
However I do believe that the symmetrical triangle that is forming on trend line 3 is an extremely bullish signal! Especially since we just had a massive pump on 12/14 - 12/15.
If you have any questions please ask away or if you disagree let me know.
Also I am trying to get my name out there so if you wouldn't mind hitting like if you liked my post
This is not investment advice... Im just some random on the interwebs
At trend line 1 after the first intersection the price bounced up.
Trend line 2 after the intersection, same thing happened.
Trend line 3? well they call it a trend for a reason lol
It seems that were headed back towards the supporting line on the most recent trend line (3). If it holds that support then the price will move towards $117 - $120.
If we do not hold support then we are looking at levels around $85-$90.
However I do believe that the symmetrical triangle that is forming on trend line 3 is an extremely bullish signal! Especially since we just had a massive pump on 12/14 - 12/15.
If you have any questions please ask away or if you disagree let me know.
Also I am trying to get my name out there so if you wouldn't mind hitting like if you liked my post
This is not investment advice... Im just some random on the interwebs
