Historic: 05/26/2022 (mm-dd-yy) Fear & Greed Index: 28
Mid-term forecast (1-2 weeks): If price breaks the 151 resistance, a resumption of a strong uptrend is expected. Aiming at 176 (1-2 weeks) and 180 (2-4 weeks) If the support a 148 breaks, the short-term forecast (resumption of the downtrend) will not be valid. We will close our open trades if the 148 or 127 level is broken in the medium term.
Technical analysis: A chanel on the floor forms on the daily chart between 151 and 127, starting on 10/19/2021. This week it can break 151 and is expected to rise to 176 according to technical analysis and confirmation of the pattern.