A few reasons why I think this down trend was very short lived and finally over:
1. Formation of an inverse head and shoulders as a reversal pattern (price target $3,600)
2. Higher low formed on the chart
3. We broke the down sloping diagonal resistance, and re tested it as support
Onward and upward to $20,000!
1. Formation of an inverse head and shoulders as a reversal pattern (price target $3,600)
2. Higher low formed on the chart
3. We broke the down sloping diagonal resistance, and re tested it as support
Onward and upward to $20,000!