As you can see the support and resistance levels have been pretty accurate. The support has been accurate for 3 years and the price has bounced off of it 4-5 times, and the resistance has been accurate for 5-7 years*, and the price has bounced off of it 4-5 times**, so, that makes me think that they will stay accurate for awhile now. Now, if you continue these lines forward until they cross, they cross at ~$150 dollars, so, if the support & resistance stay accurate, it is my prediction that the price will hit $150. When/if the support & resistance cross, the price could make a major move, but we'll have to wait and see.
What do you think? Do you agree? Then press agree! If you don't, then let me know why!
***NOT INVESTMENT ADVICE DO YOUR OWN RESEARCH BEFORE MAKING A TRADE***
*5-7 years because it's looking like the price will bounce off again, if it does it will have been accurate for 7 years, but if it doesn't then it will be accurate for 5 years.
**4-5 times because it's looking like the price will bounce off again, if it does, it will have bounced 5 times but if it doesn't, then it will have bounced 4 times.
What do you think? Do you agree? Then press agree! If you don't, then let me know why!
***NOT INVESTMENT ADVICE DO YOUR OWN RESEARCH BEFORE MAKING A TRADE***
*5-7 years because it's looking like the price will bounce off again, if it does it will have been accurate for 7 years, but if it doesn't then it will be accurate for 5 years.
**4-5 times because it's looking like the price will bounce off again, if it does, it will have bounced 5 times but if it doesn't, then it will have bounced 4 times.