Long
I'm eyeing these $DWAC targets in the short term
I spot a 50% fibonacci retracement- a non/inverse fibonacci sequence, that falls right over the trend line present in the larger zoomed out view of the entire price history movement.
The fibonacci extensions are marked. I'm eyeing the first extension, the 618 placing the price at $35.75. I can see a scenario here where real selling happens and the price tumbles to the very lowest of the inverse fib extensions on the overall price action- although I am not necessarily leaning towards that outcome, giving the placement of the trendline and the price being right up on it. That said, a new trend line anchor can be easily put in place following this next move up.
*Not trading advice.
The fibonacci extensions are marked. I'm eyeing the first extension, the 618 placing the price at $35.75. I can see a scenario here where real selling happens and the price tumbles to the very lowest of the inverse fib extensions on the overall price action- although I am not necessarily leaning towards that outcome, giving the placement of the trendline and the price being right up on it. That said, a new trend line anchor can be easily put in place following this next move up.
*Not trading advice.
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