Bitcoin's Path to $185,454: The Fibonacci Story
BTC/USD Cyclical Fibonacci Projection Analysis
Bitcoin's price action has historically adhered to a repeating pattern when projecting Fibonacci extensions after breaking above the 100% retracement of the previous cycle. Each time BTC reaches this milestone, it has continued to rally toward the 2.618 Fibonacci extension level.
Historical Context:
1. Cycle 1 (2013–2017):
- Duration: 45 months
- Target: The 2.618 Fibonacci extension was achieved at $3,191.
- Performance: After breaking above the 100% retracement, BTC rallied 136%, taking 4 months to reach the target.
2. Cycle 2 (2017–2021):
- Duration: 39 months
- Target: The 2.618 Fibonacci extension was reached at $54,209.
- Performance: BTC gained 86% after closing above the 100% retracement, achieving the target in 3 months.
In both cycles, after breaking the 100% retracement level, Bitcoin reached the 2.618 Fibonacci extension in approximately 3–4 months.
Current Cycle (2021–Present):
- Duration: This cycle has spanned 36 months so far, with the projected timeframe to hit the 2.618 Fibonacci extension being 40 months, based on historical cycles.
- Target: The 2.618 Fibonacci extension for the current cycle is projected at $185,454.
- Performance Projection: If the historical pattern repeats, Bitcoin could experience a 90% gain from the breakout point after closing above the 100% retracement level.
- Timeframe: Once the breakout occurs, Bitcoin may reach the 2.618 Fibonacci extension within 4 months, aligning with prior cycles.
Key Insights:
- Fibonacci Extensions: Bitcoin's historical rallies have consistently peaked at the 2.618 Fibonacci extension, making $185,454 a highly significant level for this cycle.
- Cycle Duration: With the current cycle at 36 months, we are approaching the expected breakout phase, mirroring the timelines of prior cycles.
- Timing and Growth: The previous cycles achieved gains of 136% and 86%, while this cycle projects a gain of 90% from the breakout point.
Conclusion:
If Bitcoin breaks and closes above the 100% retracement level in the current cycle, historical data strongly suggests it could rally to $185,454 within the next 4 months. This projection aligns with Bitcoin's cyclical tendencies and Fibonacci-based targets, offering a compelling case for a major bullish move.
👨🏻💻💭 Do you believe Bitcoin will reach $185,454 in the next 4 months? Let’s discuss this cyclical trend below!
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
3commas
Fibonacci Levels Point to $428.42 for SOLUSD
SOLUSD is displaying strong bullish momentum as it breaks out of a consolidation channel (highlighted in green). The price has successfully formed higher highs and higher lows, confirming a robust uptrend.
The EMA Ribbon is fully aligned to the upside, with the price comfortably trading above it, acting as dynamic support. Additionally, the TSI is not only above the 0 level but also recently confirmed a bullish divergence, where the oscillator was falling while the price remained in a range. This divergence indicates a potential explosive upward movement, with room for the TSI to continue its climb.
Using a historical Fibonacci extension, the next major target is 428.42 at the 1.618 extension level. If this target is reached, it would represent an 80% growth from current levels. This projection aligns with previous bullish behavior, as highlighted by the purple candles, suggesting that the current breakout could mimic past price surges. Furthermore, the Signal Builder has recently provided bullish signals in confluence with these factors.
As long as the price remains above the EMA Ribbon and continues to print higher highs, SOLUSD is poised for further upside.
👨🏻💻💭 Are you ready to ride this bullish wave?
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
SHIB Bulls: Hold My Leash!
SHIBUSDT is showing promising bullish signals. The price is currently trading above the EMA Ribbon, which remains in a bullish posture, supporting the upward momentum. The market recently experienced a bullish break of structure, confirming the ongoing trend.
The current resistance at 2945 is proving to be a challenge, with the price showing signs of rejection. However, this could present an ideal opportunity for a pullback, offering potential entry points. The Fibonacci retracement levels highlight the zone between 2000 and 1825 (61.8%) as a key area to watch. This region also aligns with a previous resistance level that now acts as support, enhancing its significance as a strong accumulation zone.
The TSI indicator further reinforces this bullish outlook, sitting comfortably above the zero line with room to grow. If the price finds support and rebounds from the mentioned levels, the next major target lies at 4567, marking a significant upside potential.
Adding to the bullish case, the Signal Builder has recently flashed a buy signal, aligning with the above factors and further boosting the probability of a sustained upward move.
Conclusion: Watch for potential retracements to the 2000–1825 zone for optimal entry. If the bullish momentum continues, a breakout above 2945 could pave the way for a rally toward 4567.
👨🏻💻💭 What’s your take on SHIB’s next move? 🚀
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Head and Shoulders, Knees and Toes… and $7.6000?
WIFUSD is demonstrating strong bullish momentum as it continues to trade above the EMA Ribbon, which remains in an upward trajectory. This alignment signals ongoing market strength. The recent breakout above the neckline of a Head and Shoulders pattern at the $3.0000 level was pivotal, confirming a bullish reversal.
The price structure shows a consistent formation of higher lows, indicating sustained buying pressure. Currently, the price is testing the key resistance at $4.8000. There are two scenarios to consider here: a rejection and retracement back to the $3.0000 support zone for accumulation, or a clean breakout above $4.8000, which would likely open the path towards higher targets.
If we project the distance from the neckline of the Head and Shoulders pattern, a potential bullish target emerges at the $7.6000 level. Notably, the Signal Builder previously signaled a bearish move that was invalidated, followed by a strong bullish signal aligning with the current momentum.
👨🏻💻💭 What’s your take on WIFUSD? Let’s discuss the next big moves!
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
The Calm Before the Breakout: XRP’s Next Move
The chart for XRPUSD shows several bullish signals, pointing towards a potential breakout. The price is currently trading above the EMA Ribbon, a clear sign of sustained bullish momentum. Although the TSI (True Strength Index) had been in a downtrend, it has now crossed above the zero line, signaling a shift in momentum. Historically, similar TSI crossovers while the price is above the Ribbon have led to significant upward moves.
The price recently rejected the 0.9200 resistance level but has been consistently forming higher lows, indicating growing bullish pressure. Additionally, despite the last bearish signal from the Signal Builder, the price quickly rebounded, showing strong resilience.
With the ascending wedge pattern in play, a breakout above 0.9200 seems imminent. The next major target lies at 4.2800, based on weekly Fibonacci projections and historical resistance levels.
👨🏻💻💭 What’s your take on XRP’s potential? Could we be gearing up for a massive rally? Let’s discuss!
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
PEPEUSD Hops Into New Highs—Ribbit Rally!
PEPEUSD is making waves as it approaches new all-time highs. A fresh bullish crossover in the TSI is in play, following a rebound from the zero line, signaling strong upward momentum. Historical patterns indicate that when similar conditions aligned—such as the TSI crossover and bullish entries from the Signal Builder—the price rallied significantly, as illustrated by the purple bars.
Currently, maintaining the 16000 support level is crucial for sustaining the bullish trajectory. If this level holds, we can anticipate the continuation of the upward movement, potentially mirroring past price action. There's still room for the TSI to climb, suggesting further upside potential as the momentum builds.
👨🏻💻💭 This setup offers an exciting opportunity for those riding the bullish wave. Let's see if PEPE can deliver another impressive move!
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Can DOGE Repeat Its Legendary Rally?
DOGEUSD is currently in a strong bullish momentum, supported by multiple technical signals aligning in favor of the bulls. The Signal Builder previously flashed buy signals, which were followed by a consistent upward trajectory.
Key Factors:
Bullish Ribbon and Support Rebound
The price is decisively trading above the EMA ribbon, indicating a sustained bullish trend. Notably, the recent rebound from the critical support level at 0.060 acted as a launchpad for this upward move, confirming its validity as a strong demand zone.
TSI (True Strength Index) Confirmation
The TSI has not only crossed above the zero line but also established a pattern of higher lows, signaling increasing bullish momentum. Historically, this indicator alignment has preceded significant upward moves in DOGE.
Fibonacci Extension Targets
If we project the previous bullish wave onto the current setup, similar conditions suggest potential targets at 0.800 and 1.280, derived from the 1.618 Fibonacci extension. These levels align well with historical resistance and psychological thresholds, making them logical points for profit-taking.
The market structure and the current momentum favor continued bullishness, provided DOGE maintains its position above the EMA ribbon. Watch the price action near key levels for confirmation of further upside potential.
👨🏻💻💭 What do you think? Are we ready for another Doge rally? 🚀 Drop your thoughts and let’s ride the wave together!
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Ethereum Is on Fire—$3,900 or Bust!
ETHUSDT is displaying strong bullish momentum, supported by multiple technical indicators. The EMA Ribbon is trending upwards, reflecting a solid bullish sentiment, and the price remains firmly above it, using the ribbon as dynamic support. This alignment suggests that buyers are in control, reinforcing the likelihood of continued upward movement.
Adding to this bullish outlook, the TSI indicator is currently above the zero line and its moving average, which confirms the momentum on the upside. As long as the TSI maintains its position above these key levels, the bullish case remains intact.
From a price structure perspective, ETH recently broke above the critical 2820 level, which had previously acted as resistance. This level is now expected to serve as a strong support zone. A potential retracement to this area could offer a favorable entry point for long positions. On the upside, the next major resistance sits at 3900, aligning with our target for this move.
Further confidence in this bullish scenario comes from the Signal Builder, which recently flashed a buy signal in alignment with the EMA Ribbon, TSI, and price action dynamics. This confluence of signals suggests a high probability of ETH continuing its ascent toward the 3900 target.
👨🏻💻💭 Do you see ETH rallying to 3900, or could we see a pullback first? Share your thoughts below!
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
CVD PRO Buy Sell Signals for scalping in Crypto FuturesCVD PRO v3.0 - Crypto Capital International
Indicator Overview:
This indicator combines several key elements to provide insights into market trends and potential trading signals. It incorporates Cumulative Volume Delta (CVD), Dynamic Average True Range (ATR), Percentage Change, MACD (Moving Average Convergence Divergence), and G-Trend filters. By analyzing volume, price movements, and momentum indicators, it aims to identify potential buying and selling opportunities.
1. How It Works:
• CVD (Cumulative Volume Delta): CVD is calculated by cumulatively summing the volume multiplied by the sign of price changes. This helps gauge the strength of buying or selling pressure.
• ATR (Average True Range): ATR measures market volatility, providing insights into potential price movements. The dynamic aspect adjusts ATR based on market conditions.
Percentage Change: This indicator calculates the percentage change in price over a specified period.
• MACD: MACD is a trend-following momentum indicator that helps identify trend direction and potential reversals.
• G-Trend: G-Trend identifies bullish or bearish trends based on price movements relative to a moving average.
2. How to Use It:
• Buy Signals: Generated when confidence level surpasses a threshold, MACD signal is bullish, CVD is positive, and optionally, volume filter conditions are met.
• Sell Signals: Generated when confidence level surpasses a threshold, MACD signal is bearish, and optionally, volume filter conditions are met.
3. Market Conditions It Works In:
The indicator is suitable for various market conditions, including trending, ranging, and volatile markets.
It's particularly effective in identifying trends and potential reversals during periods of significant volume and price movement.
4. Base Indicators Explained:
CVD: Measures volume-based buying or selling pressure.
ATR: Indicates market volatility and potential price ranges.
MACD: Identifies trend direction and momentum.
G-Trend: Helps confirm bullish or bearish trends.
5. Volume Filter:
The volume filter optionally includes green (bullish) or red (bearish) volume bars to confirm buy or sell signals.
Traders can toggle the volume filter based on how many signals will be filtered from the daily volume inflows or outflows
Volume Bar Colors:
The volume filter compares the current volume bar color with the previous volume bar color.
A green volume bar indicates that the closing price of the current bar is higher than the closing price of the previous bar, suggesting bullish sentiment.
A red volume bar indicates that the closing price of the current bar is lower than the closing price of the previous bar, suggesting bearish sentiment.
Filter Logic:
For buy signals, the volume filter confirms bullish momentum by checking if the current volume bar is green (indicating buying pressure).
For sell signals, the volume filter confirms bearish momentum by checking if the current volume bar is red (indicating selling pressure).
Usage:
Traders can choose to enable or disable the volume filter based on their trading preferences.
Enabling the volume filter adds an additional confirmation criterion to buy and sell signals, potentially increasing the reliability of trade decisions.
Disabling the volume filter ignores volume bar colors and relies solely on other criteria (such as MACD, CVD, and confidence level) for generating signals.
Considerations:
The volume filter is optional and can be toggled on or off based on individual trading strategies.
It's important to consider the overall context of price action and volume trends when interpreting volume bar colors.
Traders may adjust the sensitivity of the volume filter or combine it with other volume-based indicators for more nuanced analysis.
Implementation:
The indicator code includes logic to check volume bar colors (green or red) and incorporates this information into signal generation.
Buy signals are confirmed by green volume bars, while sell signals are confirmed by red volume bars.
How to automate Trading View indicator alerts with 3Commas In this guide we will explain how to connect and automate a Buy&Sell strategy with 3Commas using a Trading View indicator. This guide will enable you to create long strategies on all spot pairs available on 3Commas.
In this example we will set up a Buy&Sell bot that will open the long position when the Tweezer Bottom - Bullish indicator signals the pattern. Then we will illustrate all the steps necessary to open the long position. The position will be closed using 3Commas take profit and stop loss.
1) Choice of the technical indicator to be used.
Trading View offers an extensive library with technical indicators developed by the in-house team. To access all available indicators, open the indicators dashboard (A) and click on the Technicals section (B). In this example we will choose an indicator in the Patterns section (C) called Tweezer Bottom - Bullish (D).
Remember that the choice of this indicator is purely random and is for educational purposes only, be sure to backtest and research before building any trading strategy.
2) Creating a bot on 3Commas.
Now go to 3Commas and create a new DCA bot. This bot will allow you to connect the indicator signal. Set up the Main Settings section. Name your bot (A), select your exchange (B), and bot type (C).
Select the ticker (A), set the type of strategy (B) and the capital to be used (C).
In the Deal Start Condition section, open the drop-down menu and select 'Trading View custom signal'.
Set the take profit.
Set the stop loss.
Configure the Safety Orders section for a Buy&Sell strategy. Set the value to zero within this section as shown in the screenshot. Set Max safety orders count and Max active safety orders count to zero.
Now that you have properly created and configured your bot, go inside your new bot's 3Commas dashboard, scroll down, and copy the 'Initial Start Deal Condition' message.
3) Trading View Connection - 3Commas.
Come back to Trading View and create a new alert (A), select the indicator from the drop-down menu (B), then choose Once Per Bar Close (C), and finally create a name for your alert and enter the message you copied previously within the Message field (D).
As a last step, go into Notifications , enable the web-hook url and enter 3Commas' web-hook: 'https://3commas.io/trade_signal/trading_view'.
Create your alert as a final step.
You have now correctly created a new 3Commas Buy&Sell bot that will automatically open new orders when a new pattern is generated.
How much should the order amount be in quantitative trading ?First, you need to determine how your strategy calculates the order quantity, which can be based on:
1. Quantity of shares
2. Amount of money
3. Percentage
This article elaborates on the points of using "Fixed Order Amount" .
The amount of margin required for a trade depends on your risk tolerance.
Using "BOT | Trend" as an example,
In the backtested performance, a fixed "initial capital leveraged by 1x" is used as the order amount for each trade,
with a maximum drawdown of 25%, meaning the assets decrease by 25% from the "peak performance point" to the subsequent lowest point (1000 ➡️ 750).
Therefore, there are two key points to note here:
* The amount of margin required should consider “How much risk you can bear? ”
Assuming you currently have 1000 to operate "BOT | Trend," and you can tolerate a maximum loss of 500 (-50%), then the total amount of each trade (margin * leverage) can be set as 2000, and so on.
Example: Now you have 2000, and you can tolerate a maximum loss of 400 (-20%), then the total amount of each trade (margin * leverage) is 1600.
Practice: Now you have 5000, and you can tolerate a maximum loss of 2000 (-40%), then the total amount of each trade (margin * leverage) is ______ (Hint: What is 25% of 2000?).
* Timing to start running quantitative trading.
Running a "trend-following" quantitative trading strategy should not start during a continuous profitable period but rather when the strategy incurs losses (relative low point of equity). This is because for trend strategies, sideways market conditions can cause the strategy to go long at highs and short at lows, resulting in a depletion of funds during this period. Starting during a continuous profitable period is likely to encounter fund depletion right after entering because markets alternate between trending and ranging phases.
Answer: 8000
EWT/BTC weekly bot strategy for EWT accumulation1. create free account on 3commas. ( would be awesome if you would use my ref )
2. set up dca bots with a 23% safety order range - why? - because uptrends tend to end if price breaks below - 23%
3. let the bot run and accumulate EWT and @ price level of 0.0002BTC flip bot to short and use earned EWT as capital
4. keep what you earn
How to run your Strategy for automated cryptocurrency tradingTo run TradingView Strategy for real automatic trading at any Cryptocurrency you need:
1. Account at TradingView. (Tradingview.com)
And it can’t be a free “Basic” plan.
You must have any of available Paid packages (Pro, Pro+ or Premium).
Because for automatic trading you need the “Webhook notifications” feature, which is not available in the “Basic” plan.
2. Account at your favorite big Crypto Exchange.
You have to sign up with crypto exchange, and usually pass their verification ("KYC").
Not all exchanges are supported.
But you can use most big "CEX" on the market.
I recommend Binance (with lowest fees), Bybit, OKX, Gate.io, Bitget and some others.
3. Account at special “crypto-trading bot platforms”.
Unfortunately you can’t directly send trade orders from TradingView to Crypto Exchange.
You need an online platform which accepts Alert Notifications from TradingView and then – this platform
will generate pre-programmed trade orders and will send them to a supported Crypto Exchange via API.
There are few such crypto bot platforms which we can use.
I personally have tested 3 of them.
It’s "3commas", "Veles" and "RevenueBot".
All of them have almost the same main function – they allow you to make and run automated DCA crypto bots.
They have little different lists of supported Exchanges, different lists of additional options and features.
But all of them have main feature – they can accept Alert Notifications from TradingView!
3commas is more expensive.
RevenueBot and Veles – have the same low price – they take 20% from your trade Profit, but no more than $50 per month!
So you can easily test them without big expenses.
4. Combine everything into One Automatic System!
Once you have all accounts registered and ready – you can set up all into one system.
You have to:
1. Create on your Crypto Exchange – "API" key which will allow auto trading.
2. Create on the bot platform (3commas, RevenueBot, Veles) – new bot, with pre-programmed trading parameters. (token name, sum,
long/short, stop-loss, take-profit, amount of orders etc)
3. On TradingView configure (optimise) parameters of the strategy you want to use for trading.
4. Once it’s done and backtests show good results – you should create “Alert” on the strategy page.
You have to point this alert to “webhook url” provided to you by the crypto-bot platform (and also enter the needed “message” of the alert).
For each of the bot platforms, you can find the details on how to set them up on their official sites.
If you do not understand it and need help, please contact me.
DCA Bot is stuckDuring the uptrend market, Bot only uses BO and hits TP very quickly. But recently (downtrend), Bot using SO and stuck. Especially during crashes, SO is triggered more. In recent times, the Bot has used up to 26 times SO. BINANCE:BNBUSD
TA Won't Save You, Automation WillI'm sharing my TA here mostly for learning purposes. I'm learning hard lessons with my own money.
Yesterday i perfectly timed the last bounce within the bearish flag. Price went up as i predicted, however u-turned back down and hit so hard and so fast while i was asleep.
Luckily, i've set a stop loss on the hourly close of the bottom of triangle at 53308.92. This meant my perfectly timed previous trade went busted and i had to swallow the loss.
But, look at the price level now at $48.400. Had i not swalled that little loss, i could have been rekt now! Who could imagine this huge drop in just a matter of hours, slashing $50.996.15 in a snap.
I might have not set a stop loss yesterday and got caught in this huge drop. Luckily i did. But more importantly i'm also using a trailing stop loss indicator, which calculates the stop loss continuously. If optimized correctly it will save you big time.
Look at this one hour chart. The sell signal triggered one day before the so called blackout. Someone was selling before the drop and indicator did not miss it.
This indicator is Twin Optimized Tracker by Anıl Özekşi and published by Kivanc Ozbilgic on TradingView.
My TA saved me from this drop and the one before. But OTT would have saved me even earlier with prace of mind. Now i'm just waiting for OTT to put me back in the game.
And one more thing,
I have connected this indicator to my 3commas DCA bot. It will put me back in the game even when i'm sleeping. I don't need to do more TA work in order to figure out where the next dip is.
I'll enjoy my brunch now!
CTK/USDT - 50%+ Gains! Massive Volume - Bullish Oscillators!Hello Traders,
Like most coins right now, we are seeing a rebound after the drop we had.
Also, to take note we have been having weekly selloffs and massive wicks down. Smart to keep your stop losses tight, so you can preserve capital and then buy at a lower price. Then hold for a week or so, to sell for massive gains.
For CTK, I'm seeing a bullish signal on the RSI. We are moving into the oversold territory on the MFI, which is a great signal to get ready to buy.
Looking for 50%+ gains retesting the recent highs.
Good luck!
RSR/USDT for the Bounce to ATH's!Hello Traders,
RSR is playing the Fib chart perfectly along with the EMA's.
EMA's are as follows: 50/100/200/255. I currently have the 2 Hour chart set up. But you can look at any of the hourly time frames such as 1 hour, 2, 3, and 4 to see that the price has flipped all of these EMA's. I trade heavily upon any EMA breaks, as this generally confirms an uptrend/ bullish.
The 2 hours, 255 ema, and fib chart played the bottom wick perfectly, which has resulted in the uptrend we see currently.
Once the heavy resistance zone is broken and the zone above it is broken we should see some new ATH's.
On the fundamental side of things, there has been some positive news about DEFI's, which should help to bring in some mainstream volume.
I'm taking profits between .786 - 1 on the fib. for 50% and the other 50%, I will be waiting for the ATH's to be broken.
How many of you remember playing pick up sticks when you were a kid? This is what this mess of trendlines look like to me but it's interesting to lay them out and see which ones act as support and resistance.
Good luck!
NUUSD - EMA Cross & Increased Volume.Hello Traders,
NUUSD looks to be building a strong pattern for an increase. I'm targeting $.22 for 16% gains.
Volume has increased over the last few hours. EMA 9:26 Day is about to cross. Broke the downward trendline. If it can continue to build momentum, this should be one of the stragglers to join the crowd and blast off.
Good luck!
LINK /USD Ascending Broadening Wedge Pattern - $14 TP. Hello Traders,
Ascending Broadening Wedge Pattern looks to be forming. Seems to be following the typical pattern of a broadening wedge, Higher Highs, Lower Highs. Steep inclines with staggered lows. Following the three peaks & valleys. Tall & wide.
If the price bounces off the bottom trend line of 12.58, continued upward movement should be a good swing trade set-up towards $14. Upon breaking the $14 price point, we can then use it as a confirmation for higher highs to come.
But, if the price breaks down below $12.3, then expect a downward price movement.
Stop-loss set (tight) at $12.2, Take Profit at $14. Upon breaking $14, look for the next target of $15.7.