The fibonacci retracement 38th percentile holding as a point of support. This brings weight to the idea that price will head up to break the 60k level and has the potential to rise up even more to close to 70k.
Today looks like a good chance to break out of the downward cycle and have the candlesticks start to really make their way up. The opposite is also true, so be careful.
We tested yesterday and got rejected, we still made a higher low, gaining support again at 115. Will we get rejected again today? The odds are in our favour. Good luck everyone.
Looks like it has reversed here at the key level. It may retest and gain more support at the key level. It will head up to break the current overall trend line and retest. According to the fibonacci retracement, it will then head up to breach the 60k price level and may even go higher.
Potential gigantic cup and handle pattern forming? By the looks of it, needs to get past 150 to break the overall current trend. May dip to around 70.
Not sure if chart analysis even works in the context of this stock as it's so volatile, but these levels are key levels if we take into account technical analysis. Thoughts?