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Im thinking that for the next 7 days we will be using an ascending trend/support that started on September 24th using the bottom of each lowest wick until today.
I am also concerned about a resistance at 12.8 that we hit at throughout September and the 24th of October. Depending on how strong our bullish indicators are, we could break to the upside on the daily chart anywhere between November 4th and 7th.
I don't like the decreasing volume currently, but I am happy that we are not overbought. I think that the hype on social media would tip us in the favor of getting to 15 by next week at some point.
However, THIS IS ELECTION WEEK. COVID CASES ARE RISING. Alot would depend on how quickly the next stimulus gets pushed through.
The S&P index is down almost 9 percent from the middle of this month as well.
I am expecting the political climate in this country to hurt our chances of sustained growth over the next couple months. Much uncertainty. Stop losses set for me. Thank you for sharing. I got tremendous value out of this.
CryptoRush_
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@Earth2025, Thanks for your idea I'll keep an eye out for updates and post again
I am also concerned about a resistance at 12.8 that we hit at throughout September and the 24th of October. Depending on how strong our bullish indicators are, we could break to the upside on the daily chart anywhere between November 4th and 7th.
I don't like the decreasing volume currently, but I am happy that we are not overbought. I think that the hype on social media would tip us in the favor of getting to 15 by next week at some point.
However, THIS IS ELECTION WEEK. COVID CASES ARE RISING. Alot would depend on how quickly the next stimulus gets pushed through.
The S&P index is down almost 9 percent from the middle of this month as well.
I am expecting the political climate in this country to hurt our chances of sustained growth over the next couple months. Much uncertainty. Stop losses set for me. Thank you for sharing. I got tremendous value out of this.