TQQQ bullish outlook is not negotiable; its mission is to round up the bullish trend target or to forge ahead for a new higher high price level. The price is currently above a price resistance level.
Supply levels: $60, $63, and $68
Demand levels: $54, $51, and $46
TQQQ Medium-term Trend: Bullish
The pair has been able to pass an array of resistance, from the beginning of the bullish trend which started from the resistance level of $46 and is currently above the $60, and heading northwards to the resistance level of $63, and $68. It might eventually surpass this target and form a new higher high, or reverse from there for a bearish trend beginning.
The MACD Indicator Histogram bars have been on the bullish indication, while the 14 and 50 Exponential Moving Averages are below the price, thus affirming the bullish call.
TQQQ Short-term Trend: Bullish
The short-term trend is now on the bullish side, the trend is re-aligning with the daily market movement after some days of ranging below a price barrier level. But after a breakout from this dead zone, market momentum has been resumed for the bullish trend drive.
The 4-Hours chart display that the MACD Indicator Histogram bars are rebuilding for a buy trend, also the signal bars is widening out for increase market momentum.
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