Nice consolidation period while we all wondered if the dollar was going to continue to erode away.
Bull market still in-tact clearly with the ema trend indication followed by strong buy volume well above average. I anticipate consumption will increase into next year, and demand will rise while at the same time we will see the continued self-fulfilling prophecy of inflation hedges being procured - certainly the historical ones.
Keep in mind the run in price in the bull flag that formed and then the pennant pattern that broke down.
We now are observing higher lows and higher highs. I imagine testing $30 and then strongly breaking is in the works. Might not break on the first attempt, but if you look at this on a weekly TF in the future - it may well look like it did.
Bull market still in-tact clearly with the ema trend indication followed by strong buy volume well above average. I anticipate consumption will increase into next year, and demand will rise while at the same time we will see the continued self-fulfilling prophecy of inflation hedges being procured - certainly the historical ones.
Keep in mind the run in price in the bull flag that formed and then the pennant pattern that broke down.
We now are observing higher lows and higher highs. I imagine testing $30 and then strongly breaking is in the works. Might not break on the first attempt, but if you look at this on a weekly TF in the future - it may well look like it did.