🔢 Elliott Wave Count
The waves are labeled (1) through (5), indicating the current move is within the 5th wave of a major impulsive cycle.
The third wave was the largest, which aligns with typical Elliott Wave behavior.
The fourth wave appears to have completed around 2022.
📊 Key Technical Levels
Major Resistance (~$3,500): The 5th wave is approaching a critical resistance zone, marked by the blue horizontal line near $3,500.
Support Zone (~$2,175): A strong support level from the 0.382 Fibonacci retracement is highlighted in orange. This could serve as a downside target if a correction occurs.
📈 Price Channels
There is a primary ascending channel that has guided price action since the 2015 low. The current price is testing the upper boundary of this channel — a classic signal of potential overextension.
A steeper internal channel has formed, indicating a sharp acceleration in bullish momentum over recent years.
The waves are labeled (1) through (5), indicating the current move is within the 5th wave of a major impulsive cycle.
The third wave was the largest, which aligns with typical Elliott Wave behavior.
The fourth wave appears to have completed around 2022.
📊 Key Technical Levels
Major Resistance (~$3,500): The 5th wave is approaching a critical resistance zone, marked by the blue horizontal line near $3,500.
Support Zone (~$2,175): A strong support level from the 0.382 Fibonacci retracement is highlighted in orange. This could serve as a downside target if a correction occurs.
📈 Price Channels
There is a primary ascending channel that has guided price action since the 2015 low. The current price is testing the upper boundary of this channel — a classic signal of potential overextension.
A steeper internal channel has formed, indicating a sharp acceleration in bullish momentum over recent years.
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Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.