Historic: 05/31/2022 (mm-dd-yy) Fear & Greed Index: 26
Mid-term forecast (1-2 weeks): If price breaks the 439 resistance, a resumption of a strong uptrend is expected. Aiming at 490 (1-2 weeks) and (2-4 weeks) If the support a 439 breaks, the short-term forecast (resumption of the downtrend) will not be valid. We will close our open trades if the 416 or 356 level is broken in the medium term.
Technical analysis: A chanel on the floor forms on the daily chart between 356 and 416, starting on 08/23/2021. This week it can break 439 and is expected to rise to 490 according to technical analysis and confirmation of the pattern.