Airbnb Inc (ABNB) is flashing major buy signals as it came outside the 2022 Bear Cycle. Not only is it supported by the 1D MA50 (blue trend-line) on a Higher Lows trend-line, but is also past a 1D Golden Cross pattern.
Having broken above the Bear Cycle Lower Highs trend-line and successfully re-tested it as a Support, it almost filled the 0.5 Fibonacci retracement level on February 16 and is now targeting the upper ones. We characterize the 0.382 - 0.618 Fibonacci range as the High Volatility Zone and our target by Q3 is just below the 0.786 Fib at $180.00.
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Having broken above the Bear Cycle Lower Highs trend-line and successfully re-tested it as a Support, it almost filled the 0.5 Fibonacci retracement level on February 16 and is now targeting the upper ones. We characterize the 0.382 - 0.618 Fibonacci range as the High Volatility Zone and our target by Q3 is just below the 0.786 Fib at $180.00.
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** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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๐ฐFree Channel t.me/tradingshotglobal
๐คตContact info@tradingshot.com t.me/tradingshot
๐ฅNew service: next X100 crypto GEMS!