TECHNICALS
- Elliot Wave Theory Fractals look consistent so far
- Volume is rising since mid-January, meaning continuation (better seen on the 1D chart)
- Stochastic + MACD indicators showing BEARISH on 1hr chart, but BULLISH on 2hr/3hr/4hr timeframes.
SUPPORT LEVELS - 176
- 157 (lowest level I expect it to go down to)
- 116
- 85
FUNDAMENTALS- Quadruple witching on Friday 19th MAR
- Earnings report on Tuesday 23rd MAR
It needs some rocket fuel because right now volume is stagnant in general, hence the bearish movement. But I think fundamentals will give that the boost it needs, so I'm not worried and will be hodling.
General belief is at some point* it will reach the pink 'X' at approx $1100-1200
*don't want to put a timescale on it and create false hope/paperhands - Quadruple witching on Friday 19th MAR
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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.