In time D1, after a three-wave correction and by making a rectangular pattern and exiting the density of the trading range, the next targets indicated in the chart will be available if it stabilizes above $250. Therefore, to continue the upward trend, it must penetrate above $250, otherwise the break will occur from below and will touch the range of $187 to $200.
Comment:
Comment:
Although the long position was stopped with a shadow stop, the current candle is breaking the $250 range in daily and weekly time. A break out of $250 density will support the trajectory. Therefore, in the low time, you can ride the bullish rally again in the pullback in case of compression failure.
Comment:
Unfortunately, it was stopped by a shadow and the target was touched...
Comment:
And now be prepared for possibly a rally out of congestion with the support of the $250 area.
Comment:
After dealing with the dynamic trigger and correction to the specified range and with the support of $250, the trigger is breaking and it will have the ability to reach the range of the first supply.
Comment:
According to the analysis and movement path of exiting the density and touching the supply area.
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Comment:
It is around the target of $575, and if it stabilizes above it, it will have the ability to grow to the next supply area and the previous major ceiling.
Comment:
After touching the target, it has been corrected, and if it is supported in the green box, it will have the ability to continue growing up to the specified areas. If it breaks the area up to $250, the correction will continue.
Comment:
After the pullback to the major ceiling and support in the green box, it has experienced more than 47% growth so far.
Comment:
After correction and support in the green box range, it has experienced more than 85% growth.