According to historical Fibonacci retracements, parabolic-SAR and a the recent break upward in MACD, the next objective may be $885-1000. Reaching the lower or the upper bound depends on the momentum of the rally. RSI and volume will give us some hints as the movement develops. There is enough room in RSI to be consistent with the rally, but reaching the upper bound is unlikely during the first attack.
Trade chiuso: obiettivo raggiunto:
Profit! Now we can take profits safely. Waiting for a break of the 1000$ resistance is quite risky. As always, it is your choice.
I expect one more attack before the end of the year. Objective: $950-1000.