Since early 2021 we've followed a downward channel and had 3 symmetrically timed peaks. I'm proposing we may hit a 4th high of ~$24/share around May 2023.
Each rally has been >100-200%
Each crash has been ~60%
Each crash has been followed by a rally before hitting lower lows
2 possible entry points:
$12.50-14.00/share (near prior lows - this would also represent another 60% dip from latest high)
$7.00-9.00/share (at bottom of channel at expected next dip - unclear if we get this low, but it'll be a great time to get in if we do get there)
Each rally has been >100-200%
Each crash has been ~60%
Each crash has been followed by a rally before hitting lower lows
2 possible entry points:
$12.50-14.00/share (near prior lows - this would also represent another 60% dip from latest high)
$7.00-9.00/share (at bottom of channel at expected next dip - unclear if we get this low, but it'll be a great time to get in if we do get there)
Comment:
We may be starting the turnover now. Keeping a close eye here.
Comment:
Periodicity is broken, but the long-term resistance and support levels hold strong
~12/share seems to be a GREAT entry point
~12/share seems to be a GREAT entry point