Will the 2005 high and 2008 high downward trendline (blue line) be touched (and rejected)? This month it would touch at around 2.15. Maybe a volatile move down and agressive bounce will push many players out of the market.
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Lets keep an eye on the 2.08 this week. The more agressive the move towards this level, the more likely it is we will bounce. It now stands at 2.188. So 10 more cents to go.
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It touched 2.10 this morning (Amsterdam time). It looks like we are going up now, but we cannot rule out a double bottom or even three times trying to break the blue trendline in the next few days. It might get choppy now.
Just take a small long position here with stopploss at around 2.00. If we drop back down to the trendline (2.05 - 2.10) add a bit more to the long position.
Just take a small long position here with stopploss at around 2.00. If we drop back down to the trendline (2.05 - 2.10) add a bit more to the long position.
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It is looking good. Yearly close '20, '21 and '21 was green. So yearly trend is still bullish. This could mean Q1 is purely a agressive test to the downside. If this hypothesis is correct we should close Q1 (end march) at least above 3.4, but ideally above 4.2.
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Maybe add some longs here.
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Looking good
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Probably going to close 2023 in the green (yearly candle)
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I won't be suprised if we head to $27 in 2025-2027
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Add longs