MSTR analysis update.. ๐ ๐๐ค๐ฃ๐ ๐ฉ๐๐ง๐ข The weekly R5 pivot target is bold at $1500 but definitely possible as a max greed scenario when the triple tailwind of Bitcoin, SPY and Bitcoin treasury companies trends return.
๐ ๐๐๐ค๐ง๐ฉ ๐ฉ๐๐ง๐ข retracement is expected to end around the S1 pivot at $341 and a secondary target of $321.
Irans conflict has investors shaken and not willing to hold assets over the weekend on the fear of worse. However, if the conflict is resolved soon investors could have a great buying opportunity.
๐๐๐๐๐ฃ๐๐๐๐ก ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐๐จ
Price appears to have completed wave (B) of an ABC correction in wave 4. Wave C is underway with an expected thrust down (such is the nature of wave C) towards the daily S1 pivot $341. This is also the 0.382 Fibonacci retracement, a high probability area for wave 4 to end. A deeper correction will bring up a triple shield of the High Volume Node, ascending daily 200EMA and 0.5 fibonacci retracement at ยฃ321.
Daily DEMA has death crossed.
Safe trading
MSc Financial Economist, Studying PhD in Investing and Social Mood, Technical Analyst 6+ years, Investor 13+ years
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MSc Financial Economist, Studying PhD in Investing and Social Mood, Technical Analyst 6+ years, Investor 13+ years
Declinazione di responsabilitร
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.