bounce to 800 then go where ? what is final target?
larse
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@kulie, Hi Kulie, if we draw the canal further, I'd say it consolidates again in the 755 area for a week or so, until trending upwards again.
Sorry for not stating a final target. If the chart stays inside the channel, I'd say it'll reach ~1000 sats by the first third of July.
Kind regards,
Lars
kulie
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@larse, yeah so if the trend continues it should consolidate and go for 1500+ right?
larse
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@kulie, I wouldn't lean myself that far out of the window, since we're talking about almost a 3x in price, given the current level. By the current given angle of the slope of the channel it would take until mid August until the level of 1500 is reached.
That being said, I stay with my prediction of a target price of about 1000 sats until the beginning of July the latest.
After the target is reached, I will re-evaluate the chart.