Price failed to close below that support and what is, more importantly, 8/1 was rejected with surgical precision. This is the key support and it has been rejected, suggesting the continuation of the uptrend.
level applied to the last correction down as well as prior corrective wave after the downtrend breakout shows that the strong resistance is at $1500 area, that is nearly 300% growth potential. At the same time, $1000 area resistance could be an obstacle as it also is a potential technical resistance and a strong psychological round number.
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