This is the monthly chart for IXIC and the trend line encompasses all of price history
A trend line drawn before the .com bubble shows strong support and highs pushing above this trend line
Now however the price is below this trend line while still trending upwards. Price was tested as resistance for the first time along this trend line near the 08 bubble.
Now we see new highs seemingly closer and closer together test this line as resistance which makes me very bearish in the short term on this timeframe.
A trend line drawn before the .com bubble shows strong support and highs pushing above this trend line
Now however the price is below this trend line while still trending upwards. Price was tested as resistance for the first time along this trend line near the 08 bubble.
Now we see new highs seemingly closer and closer together test this line as resistance which makes me very bearish in the short term on this timeframe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.