As highlighted in the chart, a pullback in the short term (to retest the support) appears likely.
This is in line with my observations in the last few days:
On the other hand, we can see that an inevitable golden cross is coming. This means the pullback is not going to be strong --- which is the bullish case.
The bearish case would be if the pullback is avoided before the golden cross, and a crash to below $4200 can happen.
This is in line with my observations in the last few days:
On the other hand, we can see that an inevitable golden cross is coming. This means the pullback is not going to be strong --- which is the bullish case.
The bearish case would be if the pullback is avoided before the golden cross, and a crash to below $4200 can happen.
Comment:
pullback may have started. I'll do another chart later today
