As I've noted, the 3 full supermoons we had this summer failed as bullish indicators, meaning the bear market was bound to last for quite some time, which it did. Shortly afterward, the bullish moons began serving as good indicators again in recent months as you can see on the chart. However, this is the first new moon to fail as a bearish indicator in a long time, indicating we really are experiencing an uptrend that may last for quite some time.
I've also outlined key levels of resistance overhead. The first one, I believe, is bound to fail so my first mid-term target is at $525. I've been long since $356, so it's still a good time to jump into this trade if you haven't yet. Despite the bullish signals, however, I'm still going to be monitoring intraday resistance around $400 and $415 to confirm the uptrend. I'm very optomistic for a new higher high in this mid-term bull market in the coming weeks.
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