ðĨ NASDAQ Bullish Break Out After 3 Months Of Selling
Recently, the NAS100 has broken out of a bearish resistance which orchestrated the bearish trend for well over 3 months.
With this bullish break out we can assume that most of the pain in the short-term is over. Personally, I'm looking for a lower-high which will inevitably end up being a dead-cat bounce. Targets placed in blue at recent tops.
The overall trend is still bearish, but that doesn't mean we can't have any bullish periods in between. Furthermore, a bullish NASDAQ will be great for crypto, which has been selling off severely for months now. Hopefully we can see a good bounce coming from this, time will tell.
With this bullish break out we can assume that most of the pain in the short-term is over. Personally, I'm looking for a lower-high which will inevitably end up being a dead-cat bounce. Targets placed in blue at recent tops.
The overall trend is still bearish, but that doesn't mean we can't have any bullish periods in between. Furthermore, a bullish NASDAQ will be great for crypto, which has been selling off severely for months now. Hopefully we can see a good bounce coming from this, time will tell.
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