my theory is that we are currently sitting within good accumulation range but not quite ready to have a bullish break. I assume by Jan 14-17 we will be seeing that nice uptrend back into 50k-52k as seen from this ascending triangle pattern. We can also not phase out the probability that we can see a retest of that 45k range. Fingers crossed that we have that great upside, but also be prepared to see some downside.
I have bullish target of 50k long of that 46.6k level stops sitting under bottom end of previous daily set in Dec 29/30 wick. I wish the best of luck to both bulls and bears!
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