After several days of sideways, the outcome is not clear. However daily money flow and RSI have been holding strong on the significant 50 level. Both indicators formed a head and shoulders pattern that seems to be over now, leading to a period of consolidation or uptrend.
I still don't feel the upward trend, but breakout over the 450 level would definitely start a new bull market. And even if it drops, it can retest 400 withoug denying the uptrend.
I still don't feel the upward trend, but breakout over the 450 level would definitely start a new bull market. And even if it drops, it can retest 400 withoug denying the uptrend.
Comment:
We have just reached the upper resistance, so watch out for the fomo train that will be leaving soon.
