Today's close green indicates to me that we're starting a strong Elliot wave 3. Current price is still well below June lows, so I think there is potential for some significant upside. I'd say at least $28-$29 in the near term. I would expect a wave 5 to surpass the June highs of ~$31.5.
The bottom of the wave 2 also bounced off key .68 Fibonacci retracement levels, just further reinforcing my belief that this is going upwards in the near future. Volume has also been phenomenal and very bullish the last few weeks.
This is all for my own edification and I'd welcome thoughts or comments. Not financial advice.
The bottom of the wave 2 also bounced off key .68 Fibonacci retracement levels, just further reinforcing my belief that this is going upwards in the near future. Volume has also been phenomenal and very bullish the last few weeks.
This is all for my own edification and I'd welcome thoughts or comments. Not financial advice.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.