“Don't Say I DIDN'T Tell You THIS 🚨 BEFORE IT HAPPENS! (XRP HYPE QQQ)”
QQQ is technically bullish but overbought; speaker is nervous and expects a bounce back to level 13 within weeks.
As for QQQ, how I see this, this is a " bread bot". I shouldn't say bread pot, this is my recipe for bread. The bread recipe gives you what you need to know. We are above level 5, above 13, and above 50 for Qs.
The market is currently bullish . But we bounced off a double crossover here, breaking through the Bollinger Band. Typically, within a few weeks, we will reach level 13 again. We are well above 13, well above 5, in a market that is in overbought territory , and that makes me nervous.