From here on out, seeing some month (s)-
long sideways action would be a favorable sign, indicating that the market is calming down and consolidating.
Not exact matches
For example, a break below the 20 - EMA, followed by
sideways price
action, and then a return back above the 20 - EMA (while it trends
sideways) is merely a shakeout that should not bother a trader who is seeking bigger gains with a
longer holding period.
A move above the current high towards the
long - term Fibonacci target just above the $ 250 level is still likely, but more
sideways action is possible as BTC and ETH are still below their declining trendlines.
If we include the
sideways action in 2014 that stalled out with very little upside in 2015, then $ IWM is breaking out from a three - year
long base.