The Miner's recent zig zag wave structure has provided a few hints at where the current price might top out or at least take a rest. Looking back at each wave on the chart with a FIB scale reveals a tendency for Bull impulse waves to have a fairly reliable middle area around 50% where price consolidates for a short while before advancing to a topping level. IF our current wave has the same structure then the consolidation area that price just left behind projects a wave completion around $56/57 in the week ahead. Of course it is a running Bull so it could blow through those levels and head to the 1.618 extension - IMO please not trade advice just an observation
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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.