I am still keeping the same drawing patterns that I had posted a few weeks ago and I still stand firm with what I know that the chart is telling me. I said previously that 13.48CAD is our resistance line and we CLOSED above it last Friday... leading into legalization week... I see the price hitting the next resistance point at 14.89, which is the highest golden line in my chart. That would be the next price target. Blowing past it with confirming candles, the next price target will be 17 dollars as per fibs. Is this a co-incidence or what?
I am the night stalker. I stalk these charts day and night!
@balanar_NS i had the same range of prices of the next fibs, all from previous data. I see next target 17 but my question is will it be before or on Wednesday? I think its possible but it will come down hard if it continues to jump up this high.
balanar_NS
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@androtrade, Hey man, I ask that question every time I look at these charts. My money is that it will crash on the 17th or the 18th. However, it wouldn't be the kind of "crash" we are all thinking.
I'm betting that it will only retrace back to 14.88 and use it as a support level... consolidate there, then we go up to new ATH in Dec/Jan.
trader20120
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@balanar_NS, Long term i see it testing 13's again but i the calls and puts near 9-10 dollars from last week got me thinking twice. I'm planning on selling once it hits $17