December is going to be an interesting month in the fact that the price is about to hit a major trend line
(blue). Just looking at the history we can see that when the price rides along the trend line
, the MACD
levels off at around 0. And that is what it looks like we might see here. I'm looking for the price to ride along the trend line
again and then another pump. How high the pump will be and if it'll reach new ATHs, who knows, but let's hope the pattern will continue.
Timeframe will be early to mid December.