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The coming of age story of Voyager Digital
Updated
Momentarily the price of Voyager Digital battles with the 20CAD area and in this analysis, we are going to show why this area is so crucial. First of all, we have the psychological barrier of round numbers (here 20CAD). Then, if we look at the prominent lows and generate the Fibonacci-retracement to the recent high we can clearly identify a Fibonacci-cluster at around 20CAD. Also, the price-movement in February 2021 makes clear that this price-zone was a valid resistance which now acts as support. Because of the fact that we corrected 50% from the whole impulse and that we are now at this major support-level we think that the probability is very high for a turnaround and to refer to the title: everyone has to leave his teen-years and become an adult and considering the current valuation of this company the chances are very high right now.
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