To infinity & BYON - $375-$660
- BYON is replicating the same fractal from 2012-2018 but on a grander scale
- It has reached the end of its downtrend (B) and will soon resume Wave C - of equal length to A.
- In the short-term BYON is about to cross above a steep downtrend line (yellow), just like it did in May 2012 and April 2020.
- RSI is incredibly oversold on all timeframes (38 on 3D, 32 on W) but will soon exit the RSI bear zone (in red).
- Target of $375 (38x from current levels of $10.11) coincides with the 1.272 fibonacci level
- Extended target of $660 (66x from current levels) translates to 1.414 fib.
- Time target is flexible but around June 2026 will likely be a great time to exit, if targets are met.
- Last time out in Feb 2018, BYON hit 1.414 fib in Wave C.
- Simple stop-loss of $8,a break-down from current levels.
- BYON by name, Beyond by nature!
Thanks for reading.
P.S. If you like the RSI Bull/Bear Thresholds indicator at the bottom of the screen, drop a comment below. It will soon be made available for a small audience of users for a reasonable fee.
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