SOXL has been ranage bound for several weeks now and is loosing momentum. BASED on fibonacci trend regresion and prior lines of support and resistance I predict that SOXL will drop out of it's current range and bounce at 46.02 +- This level was it's prior resistance.
Catalysts coming in 2022 and weekly trend changes based on heiken ashii candles, plus the bounce at 74+- which was prior resistance, plus analyst ratings make this an attractive buy for me at these levels.
I predict BTCUSD to be 63,800 by Christmas. Based on the trend lines I have drawn which extend back to 2019. I am also examined all the decending wedge formations combined with compression of price range I could find in bitcoin since inception, using Hieken Ashi candles and found that 85% of them culminated in a rising green candle. I have highlighted 3 of them...
This is a prediction based off fibonacci trend resistance lines and using prior bitcoin drawdowns as DUBIOUS patterns. I predict a 365 day drawdown because it is the average of the past three major drops. The first drawdown, not on screen was 411 days and 83%. The second (which you can see) was 362 days and 84%. The third was 261 days and 61%. IF this...
This is based off 2 previous drawdown periods in SOL/USD and assuming that since the second drawdown was a diminished version of the first, but took the same amount of time, this third drawdown will also end in approx. 12 days. The drawdown amount also corresponds to a prior support/resistance level