Step 1 - Look at 1 year RSI ( lower than in the march dip ) signifying buy.
Step 2 - Multi coloured fib levels used to imply the highs, however due to recent market uncertainty the .618 fib level signified the bottom of this crash. The black fib levels previously signified the lows, now they will signify the next high at around 170.
Step 3 - Previously, technicals all has had a double bottom before the rally, this double bottom has been justified once again, ready for the next upwards move.
Step 4 - the gradient of the previous up runs are fairly consistent, and the current gradient projects the price being 170 at around june 18.
Hope this helps you all. Can easily see 40% gains within the next month.
Step 2 - Multi coloured fib levels used to imply the highs, however due to recent market uncertainty the .618 fib level signified the bottom of this crash. The black fib levels previously signified the lows, now they will signify the next high at around 170.
Step 3 - Previously, technicals all has had a double bottom before the rally, this double bottom has been justified once again, ready for the next upwards move.
Step 4 - the gradient of the previous up runs are fairly consistent, and the current gradient projects the price being 170 at around june 18.
Hope this helps you all. Can easily see 40% gains within the next month.
Note
Think it has another 20% to rally, but be aware as it has opened several gaps which will be shut
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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.
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.