Scenario 1:
49,000 to ATH - 0.50 FIB Retracement has provided support. Light Green Rising Trendline can provide critical support for Hyper 🐂 path drawn in Orange. Towards Fibonacci Extension Target of 124,000.
Major Hurdles ahead are:
Selling Order Block and Resistance at 92,6000 and Volume Profile PoC at 95,000. Which once broken, can SnR flip to lead towards 102,000 to 104,000 the Red inverter Fair Value Gap that shapes the overhead Resistance of the potentially emerging Bullish Triangle.
......
Scenario 2:
Path way projected in Black.
Elliot Corrective Wave leading towards the major Support Trendline drawn in Dark Green, is self explanatory.
And it's logical pathway towards 124,000 price target and beyond.
.......
Scenario 3:
December 2021 to March 2024 = Deep Cup followed by its consolidation Handle also prints a Bullish Price Target of $124,000.
49,000 to ATH - 0.50 FIB Retracement has provided support. Light Green Rising Trendline can provide critical support for Hyper 🐂 path drawn in Orange. Towards Fibonacci Extension Target of 124,000.
Major Hurdles ahead are:
Selling Order Block and Resistance at 92,6000 and Volume Profile PoC at 95,000. Which once broken, can SnR flip to lead towards 102,000 to 104,000 the Red inverter Fair Value Gap that shapes the overhead Resistance of the potentially emerging Bullish Triangle.
......
Scenario 2:
Path way projected in Black.
Elliot Corrective Wave leading towards the major Support Trendline drawn in Dark Green, is self explanatory.
And it's logical pathway towards 124,000 price target and beyond.
.......
Scenario 3:
December 2021 to March 2024 = Deep Cup followed by its consolidation Handle also prints a Bullish Price Target of $124,000.
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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.
Related publications
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.