Despite the formation appearing to be an inverted head and shoulders complex, I remain a little bearish on the short term with the prices struggling to get above 3930 consistently (let alone 3950+) and with the volume being so middling. Look for well above avg volume on breakout upon potential pattern completion. Keep in mind almost in uncharted waters so here there be dragons! Only put up what you can risk. Even if the patterns play out don't FOMO in. The volume for that last relative high was mostly FOMOing buyers (hence the LUS on the candle).
Possible near resistance pull-backs identified but we could go lower.
I am still long and believe we will see a break toward ATH sooner (next couple of days or so) or later (next couple of weeks). If not please see the other idea for musings as to price targets for long(er) entries. Could be as low as 3000-3200, but 3600-3800 more likely given recent falls to major supports.
This is not financial advice. This is my opinion.
Good luck.
Possible near resistance pull-backs identified but we could go lower.
I am still long and believe we will see a break toward ATH sooner (next couple of days or so) or later (next couple of weeks). If not please see the other idea for musings as to price targets for long(er) entries. Could be as low as 3000-3200, but 3600-3800 more likely given recent falls to major supports.
This is not financial advice. This is my opinion.
Good luck.
ノート
It might be coming soon. But still waiting on that volume. Weekly close today. Be careful!
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