EDIT pin action along this disjointed downward channel about to touch a decent support level to rest & bounce at the .618. I suspect it'll fail at .382 back down - barring good news or heavy risk on market participation. Possible cup & handle afterward and/or until more sector news, better earnings, or maybe until ARK dumps pallets of cash on it. If it gets chased back up in the near term, my bull thesis is 70,00 ~mid April. CheersNote
Silver lining is that EDIT is trading off the fib support levels really well. It's not like we don't see it coming. If it doesn't catch a bid off the .75 the entire rally dating back to Nov '20 will be completely wiped out. Which could easily place this into a prolonged cup formation.
Near term bullish PT 48,00 (with market relief rally participation).
Near term bearish PT 28,00
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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.