Elliott Waves Theory + Fibonacci retracement/extension analysis.
The price just broke up the resistance line at 50,434. Yay!
First target is at end of Wave 3 = 60,802 before correcting to around 51,000 .
Second target is at end of Wave 5 = 63,404.
Happy trading!
Ahoy!
PS: I'm not a professional trader and I'm still learning market technical analysis. Do not rely your money in my assumptions and follow your own plan. I'm looking forward to have some feedback and critics about the ideas published here.
The price just broke up the resistance line at 50,434. Yay!
First target is at end of Wave 3 = 60,802 before correcting to around 51,000 .
Second target is at end of Wave 5 = 63,404.
Happy trading!
Ahoy!
PS: I'm not a professional trader and I'm still learning market technical analysis. Do not rely your money in my assumptions and follow your own plan. I'm looking forward to have some feedback and critics about the ideas published here.
Bingo! First Target reached $$$. It also reached a supply zone created from July. Now it's wait to see if this up trend holds longer to better calculate the next price for entry after correction to Wave 4.
Ahoy!