We're apparently trapped in a pennant of indecision. Are we continuing upwards in the road map or starting a new leg of correction? I predict we'll stay in the pennant which overlaps both the bearish trend and the correction for some time before breaking out. As to which way we will break, that's uncertain. Resistance above the pennant is the 3 year unbroken macro resistance line. Support below is less solid. Given we have just had the 3rd halving, could it generate more support to rally through and break the strong resistance? And what about the global economic trend? Many areas are starting to get back to work while others are just now feeling the impact. Post your thoughts below!
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