(Weekly) Chart shows a Fib runup to $146k as a target zone by end-of-year. This is substantiated by the stock-to-flow model, the recent Golden Cross pattern completion, and recent price action off of the low of $28.8k. However, RSI is wavering in its middle position suggesting that there may be volatility between now and the beginning of a strong bull movement....
Past BTCUSD price movement has followed Fibonacci extension pattern (see pt. 1 on chart). The next expected level (see pt. 2 on chart) is around $76k. Look for movement to this area before another significant pullback. Look to other indicators to confirm pattern -- e.g., MACD, RSI.
Since the original price increase on surprize earnings five periods ago, $TSLA has shown regular, but decreasing drops. The time for recovery has decreased as well. Chart indicates % drops and days to recovery (D). Currently, price action suggests 'consolidation' ahead of a breakout to a higher price in the range of 1.618 Fib line of ~$1,200. I know this sounds...
$TSLA demonstrates consistent prices drops, since beginning its runup, following earnings. % drops are decreasing as well as the days it takes to return to an upward trend. Additionally, $TSLA is staying within a board channel consistently (blue area) during this runup. Look to buy the dips within this range.
Chart analysis suggests that after this downward move we can expect a rise to at least the nex Fib level. Your thoughts?
BLNK exhibiting classic Elliot Wave impulse movement for Wave 5 now. Likely to extend gain to Fib. 1.6 zone. Your thoughts?