It is interesting to note that price is actually down the Gann fan even with this exceptional pump. We can observe a buyer exhaustion pattern on the top with bearish divergence.
Although price can pump one more time, I believe it is due for a correction either to the 0.618 or 0.382
Although price can pump one more time, I believe it is due for a correction either to the 0.618 or 0.382
Note
correction can be shallower due to the parabolic nature of the pump
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.