Hut has broken out of the channel upper boundary and a test of the boundary took place as expected, quickly catching a bid and recovering 17% Friday, producing a long signal for me.
The next target is the High Volume Node resistance at $82 just under the R5 weekly pivot. Fibonacci extension has a minimum target of the 1.618, $135.
The Elliot wave count suggests a very bullish move come in wave III of (III) which would overextend the 1.618 target above, $200+.
RSI is overbought but can remain here for months.
Safe trading
The next target is the High Volume Node resistance at $82 just under the R5 weekly pivot. Fibonacci extension has a minimum target of the 1.618, $135.
The Elliot wave count suggests a very bullish move come in wave III of (III) which would overextend the 1.618 target above, $200+.
RSI is overbought but can remain here for months.
Safe trading
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Publicaciones relacionadas
Exención de responsabilidad
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PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Publicaciones relacionadas
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.