Hello,
Lithium global etf continues to be in a larger bull trend since late 2015 bottom at 14$
we broke out of a long downtrend in october 2019 and continue to stay in the bigger channel upwards
Right now we are overbought and will re-trace before another leg up. the 50Daily MA is firmly above the 100Daily and the 200Daily average. based on the cycles of around 450bars each we are only 25% into this upcycle, the last 3 cycles were around 1.5years
I'm expecting a retrace to the daily averages where now we have a strong zone of support between $25-$26. after we should see moves towards the target zones 50fib 61.8
Lithium global etf continues to be in a larger bull trend since late 2015 bottom at 14$
we broke out of a long downtrend in october 2019 and continue to stay in the bigger channel upwards
Right now we are overbought and will re-trace before another leg up. the 50Daily MA is firmly above the 100Daily and the 200Daily average. based on the cycles of around 450bars each we are only 25% into this upcycle, the last 3 cycles were around 1.5years
I'm expecting a retrace to the daily averages where now we have a strong zone of support between $25-$26. after we should see moves towards the target zones 50fib 61.8
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.