The price in general is extremely bullish
I will be discussing the different situations of the price starting in the monthly time frame all the way down to daily
Monthly
The price is in the process of creating a new higher high. The price base in the monthly can easily reach the 75000. If you take the fibonacci from the low of the correction to the hight. You will see that the -0.272 is exactly on 75000. We price can easily reach that target.
Weekly
The price broke above monthly structure. Also , the price is creating higher highs and higher lows. We can definitely expect more continuation to the up side.
Daily
We have an impulse and correction. If we take the fibonacci from the low of the impulse to the high of the impulse we can see that the price is respecting .618 fibonacci level. The price can easily reach in short term 70,829.
Targets
short term:70,829
long term: 75,000
We can easily see the price reaching this targets. Remembers this is for educational purposes only.
Thank you for the support
I will be discussing the different situations of the price starting in the monthly time frame all the way down to daily
Monthly
The price is in the process of creating a new higher high. The price base in the monthly can easily reach the 75000. If you take the fibonacci from the low of the correction to the hight. You will see that the -0.272 is exactly on 75000. We price can easily reach that target.
Weekly
The price broke above monthly structure. Also , the price is creating higher highs and higher lows. We can definitely expect more continuation to the up side.
Daily
We have an impulse and correction. If we take the fibonacci from the low of the impulse to the high of the impulse we can see that the price is respecting .618 fibonacci level. The price can easily reach in short term 70,829.
Targets
short term:70,829
long term: 75,000
We can easily see the price reaching this targets. Remembers this is for educational purposes only.
Thank you for the support
Wiiso