Hi All, my main 3 take-outs from this analysis are the following:
1- 100 Moving Average is still working well as dynamic support and prices are bouncing from there aheading to 4,700
2- It is realistic to think that beginning of 2022 might start with a retracement still towards the support sitting at 4,550, with a movement that might bring to the formation of a lateral continuation channel, but in my opinio the asset is well familiar with this kind of movement and my next closets target would be 4,700.
3- Once the price reaches 4,700 I would count on an extension of the movement towards 4,900, also with the help of Fibanocci extension of the previous upward leg
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- 100 Moving Average is still working well as dynamic support and prices are bouncing from there aheading to 4,700
2- It is realistic to think that beginning of 2022 might start with a retracement still towards the support sitting at 4,550, with a movement that might bring to the formation of a lateral continuation channel, but in my opinio the asset is well familiar with this kind of movement and my next closets target would be 4,700.
3- Once the price reaches 4,700 I would count on an extension of the movement towards 4,900, also with the help of Fibanocci extension of the previous upward leg
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
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Le mie analisi tecniche sono potenziate dal Forecaster Terminal di Forecaster.biz. Ottieni il 10% di sconto sul tuo abbonamento con il codice FRAMER10. Scopri di più cliccando su questo link:
forecaster.biz/y/FRAMER10?coupon=FRAMER10
forecaster.biz/y/FRAMER10?coupon=FRAMER10
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.