I thought it was going to have another leg down because of the Ascending Triangle - but it broke through that AND the top of the Descending Expanding Wedge, and also broke above the 1hr Ichimoku Cloud.
My target, if this holds up, is roughly $2000.
My target, if this holds up, is roughly $2000.
Note
BTW - Stochastic is pretty high right now, so I would wait a little and look for an entry point if you're thinking of going long. If it retests the top of the wedge again and bounces off, and stochastics/rsi are low on multiple timeframes, that would be the ideal point.Note
Already testing the cloud/channel/fibonacci line:Note
(sorry I meant wedge not channel)Note
I spotted a potential Bearish Wolfe Wave in the making if this breakout loses steam, so I'm waiting for confirmation of one or the other:
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Disclaimer
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.