In this analysis, we have are moving inside a huge triangle and are currently at the bottom.
We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $220, $280 and then $415 and even higher as soon as the Short Squeeze begins.
To every analysis, we have to be prepaired for the alternative scenario, which would be to break bellow the triangle, however, I truly think that this is highly unlikely. We have 3 support LVL's at $117, $84 and $43. I don't think that this would happen, however, we would most-likely stop at $84 if this were to execute.
Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has been massive sell-off in most of the volatile stocks as the investment funds of the stock market are currently in Crypto, so that is why we have fallen so much. As soon as the Crypto run fades away, the Short Squeeze would begin and we are going to get that Banana!
Thank you for the attention, I wish you an amazing Friday!