Square fell below the blue support line, with stimulus failing and market sentiment dissipating as election nears I am looking for square to keep falling as seen back in July.
My bearish prediction & entry point:
Square will keep falling and find support between $158 and $161, as markets shake off election and institutions begin buying markets will turn around and Square will approach new highs by February 2021.
Notes:
Smart money already sold back in August and has plenty of dry powder to enter once the price is right, keep an eye on bullish reversal candles and watch as volume increases, then enter! Do not let emotions get in the way
My bearish prediction & entry point:
Square will keep falling and find support between $158 and $161, as markets shake off election and institutions begin buying markets will turn around and Square will approach new highs by February 2021.
Notes:
Smart money already sold back in August and has plenty of dry powder to enter once the price is right, keep an eye on bullish reversal candles and watch as volume increases, then enter! Do not let emotions get in the way
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