The weekly RSI is tightening up between support and resistance. Bullish divergence is still valid. If the RSI breaks above that red line, expect a move up. It could happen between now and mid-January.
$25K - $26K would act as strong resistance.
Invalidated if the lower trend line breaks.
$25K - $26K would act as strong resistance.
Invalidated if the lower trend line breaks.
Trade active:
Worked out perfectly since my original post on November 30th.
Comment:
Perfect breakout.
Comment:
$25K resistance ahead.
Trade closed: target reached:
$25K target reached. Currently watching the 200W MA.