haha ok so I just wanted to have a little fun here and refer back to a previous idea of mine earlier this week. I wrote about the Ichimoku clouds indicator and how this could be a powerful tool to use especially in a longer time frame. Particularly on the weekly chart where we can see the symmetrical triangle formation still above the Ichimoku Cloud supporting a bullish run with a PT of around 15k. That would be about a .5X return from current levels. Prices currently seem to have breached the bottom convergence line of the triangle but the Fib retracement 0.382 level is supporting prices around 9400/9500. And to reiterate, the 21 SMA is still above the 50 & 100 confirming bullish strength to the upside in the near future.
Commentaire:
looks like the fire shot at to the downside.