The broad market cycle is clear, what's unknown is confirmation of trend reversal. This could be a fakeout into stagnation. This price level has historical support, but so does $65-$70.
RSI Divergence and fib retracement point towards a $120-$125 EOY 2025 target for bulls, with a possible opportunity for lowering cost basis in the event of a dip back to last weeks $70 range.
RSI Divergence and fib retracement point towards a $120-$125 EOY 2025 target for bulls, with a possible opportunity for lowering cost basis in the event of a dip back to last weeks $70 range.
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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.