Hello Dear Swing Traders!
Three impressive overnight breaks have pushed the price up to the level of 23900, exactly the one the price reached upon the breakdown of an ascending tendency at the beginning of May last year. Any senior time-frame closure above 24K will mean a true road to 40K and 60K. As for the current momentum we can still see the bearish picture in place where the bearish pattern on our graph has not gone anywhere! We all remember December 2017 when the size of a "sweet zone" above 13K was as much as 6500 dollars. The size of it now is 5000 only, as we are making our assumption at the moment.
Yours,
ICBF Swinger Dagmar
Three impressive overnight breaks have pushed the price up to the level of 23900, exactly the one the price reached upon the breakdown of an ascending tendency at the beginning of May last year. Any senior time-frame closure above 24K will mean a true road to 40K and 60K. As for the current momentum we can still see the bearish picture in place where the bearish pattern on our graph has not gone anywhere! We all remember December 2017 when the size of a "sweet zone" above 13K was as much as 6500 dollars. The size of it now is 5000 only, as we are making our assumption at the moment.
Yours,
ICBF Swinger Dagmar