I have observed similar pattern in ltc which raised the price more then 4.2 fib lvl and after accumulation in next 5 months ( double time the accumulation of previous time). i expect a breakout and another 4.2 fib lvl from current price which can give a target of 1400$ + . i have shown the fib lvl of previous waves are acting as support to current wave which is perfectly matching (zoom and check). and if we get another wave sky is the limit. short term expectation : I expect the to break 50ma in next days and go to accumulation between 20 ma and 50 ma line for long time, as i see volume is increasing to breakout the 50 ma resistance. This is not a financial advice, If you like my idea m hit agree. Best buy on breakout.
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The arrow indicates the direction only , price during accumulation will stay between 125-222 not where the arrow is marked.
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correction : i mean breakout 100 ma and stay between 100 and 50 ma on Daily chart
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beautifully 1st target reached as expected
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we got the breakout. next target 350$
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next target 350$ and 500$
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still in expected channel. waiting for breakout . as per the main chart. we can expect the price to be in this channel for 108 bars , or may be we get early breakout.
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expecting something around 108 bars, we completed about 70+ bars now.