short term bearish, but still confidently BULLISH long 🚀🚀🚀

18 mar 2021

TECHNICALS

• Elliot Wave Theory Fractals look consistent so far
  
• Volume is rising since mid-January, meaning continuation (better seen on the 1D chart)
  
• Stochastic + MACD indicators showing BEARISH on 1hr chart, but BULLISH on 2hr/3hr/4hr timeframes.
  
  SUPPORT LEVELS
• 176
  
• 157 (lowest level I expect it to go down to)
• 116
  
• 85
  
  FUNDAMENTALS
  • Quadruple witching on Friday 19th MAR
    
  • Earnings report on Tuesday 23rd MAR
    
  NOTES
  It needs some rocket fuel because right now volume is stagnant in general, hence the bearish movement. But I think fundamentals will give that the boost it needs, so I'm not worried and will be hodling.
  General belief is at some point* it will reach the pink 'X' at approx $1100-1200
  
  *don't want to put a timescale on it and create false hope/paperhands