The New Year is coming, as well as long-term projection.
It's getting more interesting here, as inside the downwards channel formed the golden cross (view the previous post) is formed that is a bullish sign. Along with this, the head and shoulders pattern is being formed since the beginning of the month. Currently, we are at the bottom of the second (right) shoulder.
Thus, the next movement is likely to be an upwards tendency with significant levels of $7600, $7800, $8150 and above.
2020 formula is:
Golden cross + halving + head and shoulders = bullish trend
So, Happy new year guys!
It's getting more interesting here, as inside the downwards channel formed the golden cross (view the previous post) is formed that is a bullish sign. Along with this, the head and shoulders pattern is being formed since the beginning of the month. Currently, we are at the bottom of the second (right) shoulder.
Thus, the next movement is likely to be an upwards tendency with significant levels of $7600, $7800, $8150 and above.
2020 formula is:
Golden cross + halving + head and shoulders = bullish trend
So, Happy new year guys!