As anticipated the TQQQ pair has maintained a bullish outlook, being able to stay above a price resistance level, has been an edge to the stock bullish bargain. And the market seems not yet ok with the bullish drive.
Supply levels: $60, $63, and $68
Demand levels: $54, $51, and $46
TQQQ Medium-term Trend: Bullish
The medium-term trend of this pair has been on a bullish note, the price is facing northwards to the price resistance level of $68. And this level will either pave way for a possible new higher high or cap the price for a bearish reversal. Thus the price resistance level of $68 is a significant zone, for the market direction.
There has been a price test on the 14 and 50 Exponential Moving Averages of the daily chart, and the price is still above the EMA indicators, also the MACD Histogram bars been on a green bar, signaling a continuous bullish market.
TQQQ Short-term Trend: Bullish
The short-term market projection of the pair has resumed a bullish outlook, it has been able to pop out of the ranging mode it has been for a while now, more so, it has broken a price resistance line, thereby heading to the next price resistance target.
A look at the 4-Hours chart diagram confirms the fact that the price is bullish, because the 14 and 50 Exponential Moving Averages have crossed for the long market, and the MACD Histogram is radiantly on the upside, signaling a strong bullish trend. Please note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
Please note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.