As predicted, price is headed to test 40k , with already 4 out of 5 targets reached since the LONG signal. crossover, indicating a strong . Traders who have bought at the stated entry price could benefit 31% gains!
Even if in the long run my expectations are , an immediate opportunity has been spotted! Daily or swing traders may partially disinvest from the long position & go short !
ENTRY PRICE: > $ 38 k
TARGET: $34k / 33k / 32 k
Historically, whenever the price had a rally from the bottom of the channel to the upside, an immediate pullback occured to the lower side of the channel.
index is strongly overbought and there has been already a cofirmation, all those being signs of a possible pullback up to 32k area.
I expect the asset to consolidate then in 32k - 36k range, before going up to 40k in mid August as predicted.