A classic Wyckoff scenario is playing out, offering a prime opportunity if you have the nerve for it.
Support: The key support zone is $300 - $305. As long as this holds, the bullish thesis is intact.
Resistance: The primary target is the top of the multi-month accumulation range, around $370 - $380. A breakout above this would signal the start of a major new markup phase.
Support: The key support zone is $300 - $305. As long as this holds, the bullish thesis is intact.
Resistance: The primary target is the top of the multi-month accumulation range, around $370 - $380. A breakout above this would signal the start of a major new markup phase.
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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.