Been charting this move since mid July 2022, we are getting close to a bottom IMO, currently
testing the bottom TL of the mega phone pattern.
Now looks like a support flipped into resistance.
Targets remain $45-$55 for a bottom and likely big bounce from there. Which is the 618% from the covid 2020 crash when prices went negative.
testing the bottom TL of the mega phone pattern.
Now looks like a support flipped into resistance.
Targets remain $45-$55 for a bottom and likely big bounce from there. Which is the 618% from the covid 2020 crash when prices went negative.
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.