1. On 04/03/22, I predicted that bulls will try to push the prices to the $125.5x limit at the new start trading day which is today. Actually, the day started as expected and over as the prices close @ $126.94 in the first trading hour of the day which matches my expectations.
2. The slow down performance in the increasing direction by the end of 04/03/22 made my to depreciate my expectations to the $120.00 level but I was still keeping my optimistic expectations above $125.5x.
3. At the moment, the prices are fluctuating inside correction zone between $117.46 (support) and $120.07 (resistant) where bulls are seeking to break the resistant level to continue the journey of high trend to hit the first target @ $124.8x level.
4. By now on the RSI indicator, bulls start to be active at the intersection point between RSI and RSI-EMA10. The point following the intersection is the entry point and the higher volume of buying confirms the opportunity to penetrate the 61.8% level in the uptrend direction.
5. The second target of bulls is to break both the pervious target level and the moving trend line (dashed yellow) to close the day @100% level on price range $128.5x.
6. The third target is to hit the 141.4% level at price $137.6x on the first trade session of 08/03/22 to collect the maximum profits and performing a new HH point on ZigZag indicator.
7. The most optimistic point that prices hit the 161.8% level @ $142.1x level during the trending day.
Tools used in analysis are BB indicator, ZigZag ++, and FB pattern.
2. The slow down performance in the increasing direction by the end of 04/03/22 made my to depreciate my expectations to the $120.00 level but I was still keeping my optimistic expectations above $125.5x.
3. At the moment, the prices are fluctuating inside correction zone between $117.46 (support) and $120.07 (resistant) where bulls are seeking to break the resistant level to continue the journey of high trend to hit the first target @ $124.8x level.
4. By now on the RSI indicator, bulls start to be active at the intersection point between RSI and RSI-EMA10. The point following the intersection is the entry point and the higher volume of buying confirms the opportunity to penetrate the 61.8% level in the uptrend direction.
5. The second target of bulls is to break both the pervious target level and the moving trend line (dashed yellow) to close the day @100% level on price range $128.5x.
6. The third target is to hit the 141.4% level at price $137.6x on the first trade session of 08/03/22 to collect the maximum profits and performing a new HH point on ZigZag indicator.
7. The most optimistic point that prices hit the 161.8% level @ $142.1x level during the trending day.
Tools used in analysis are BB indicator, ZigZag ++, and FB pattern.