Dogelon Mars, ELON Support, Possible Fib retrace points 1 of 3
going to post 3 charts, 4hr, 12 hr , Daily, added fib retracements, selling pressure on the current 4hr candle, could retrace to 61.8 fib , but last run retraced to 78%. Something to watch. and if weekend trading in a run contrary to the past weeks trend, then usually means continuation...especially BTC , but market follows BTC
there are supports in blue shade, blue fib is extension...black fib is retracement. Notice VPBR on right side and Volume on bottom, good volume , but strong sell volume.
One more thing ...watch bollinger bands, usuallu of an asset closes above the Bollinger band it means continuation untiol it closes under the Bband or Opens and Closes then there may be a reversal.
If ELON goes to 3300, then Marketcap would be in the range of some of the BIG BOYS...so I estimate 2-6X from here for this bull run, sell 50% of bag and re-invest after bull run...skim some profit is not a bad practice
12 hr and daily to follow
there are supports in blue shade, blue fib is extension...black fib is retracement. Notice VPBR on right side and Volume on bottom, good volume , but strong sell volume.
One more thing ...watch bollinger bands, usuallu of an asset closes above the Bollinger band it means continuation untiol it closes under the Bband or Opens and Closes then there may be a reversal.
If ELON goes to 3300, then Marketcap would be in the range of some of the BIG BOYS...so I estimate 2-6X from here for this bull run, sell 50% of bag and re-invest after bull run...skim some profit is not a bad practice
12 hr and daily to follow
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