QQQ is repeating 2010 all over again in terms of price action:
Take note of how we fell, retested the 50 DMA, rallied, then double bottomed at $42 in 2010, before an even bigger bullish rally took place
In the worst case, expect $342 to be the absolute bottom in 2024. From there a massive rally could take place between April 29 (BTC Halving) & August (when seasonal weakness tends to kick in during an election year).
There is NOTHING to fear as long as QQQ holds above the 200 MA on the 3 Day timeframe ($337 as of writing), and if $337 holds as strong support... EVERY DIP FOR THE NEXT 120 DAYS IS A BUY!
Take note of how we fell, retested the 50 DMA, rallied, then double bottomed at $42 in 2010, before an even bigger bullish rally took place
In the worst case, expect $342 to be the absolute bottom in 2024. From there a massive rally could take place between April 29 (BTC Halving) & August (when seasonal weakness tends to kick in during an election year).
There is NOTHING to fear as long as QQQ holds above the 200 MA on the 3 Day timeframe ($337 as of writing), and if $337 holds as strong support... EVERY DIP FOR THE NEXT 120 DAYS IS A BUY!