We have formed an inverse H&S pattern. Stochastic oscillator and MACD also showing bullish momentum.
Right now we are attempting to break the .618 Fibo retracement level of the Mar-Aug'20 impulse. After breaking it we can experience some minor resistance at 9,2 $ which is the 0.5 Fibo level. After that we will reach our Take-Profit target at 11,2 $ - which is a 60% price increase from the current level.
I expect this to take place in the next few weeks. Before the end of the year.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.