In my previous analysis, the $1965 High of Nov 20, 2020 was a very important gateway for the Bulls and it was seen that on the week of Jan 21, 2021 the Bears could beat the Bulls back when the Bulls were about to break through the $1965 gates, so the price then fell to $1802 , where the Bulls start to move back to push the price upwards. This is a long consolidation since the $1965 High of Nov 2020.
When This Consolidation Will End ?
Based on the approach of this chart (//s3.amazonaws.com/tradingview/snapshots/o/oVqxMA7m.png), it is expected that the consolidation will end on Feb 01, 2021 if the bulls can break the Downtrend Line or on March 01, 2021 (+- 1Week).
ooOoo From The Desk Of NewBie ooOoo
When This Consolidation Will End ?
Based on the approach of this chart (//s3.amazonaws.com/tradingview/snapshots/o/oVqxMA7m.png), it is expected that the consolidation will end on Feb 01, 2021 if the bulls can break the Downtrend Line or on March 01, 2021 (+- 1Week).
ooOoo From The Desk Of NewBie ooOoo
