short term bearish, but still confidently BULLISH long 🚀🚀🚀
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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