After breaking out from an one year descending trendline and after printing a diamond reversal pattern, price finds itself above the 4H 200 ema and getting supported. Above the 4H 200ema, Price is technically bullish. Currently price is forming a bull pennant. The measured move of the bull pennant is 20k or the 1.618 fib of the impulse.
The CCI is in an uptrend.
I believe that price can reach 21k or the 1.618 fib of the diamond reversal and 3.618 fib of the impulse which are confluent.
The CCI is in an uptrend.
I believe that price can reach 21k or the 1.618 fib of the diamond reversal and 3.618 fib of the impulse which are confluent.
Commento:
Second target reached, unfortunately later than predicted. 20k flipped to support.
Commento:
Target hit.
