Looks like this could be the end of the short term bull cycle and the start of a long term bull cycle. I expect a 30-50% retracement. Hitting a price target around $500 makes sense. Then the old line of resistance becoming support at roughly $250.
@alerom, I don't think there has been any reversal sign yet. I guess $400 is a possible top but $500 makes more sense in giving enough room to retrace.
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Are you expecting a move upwards first before a retracement?