I see LMND dropping a bit more next week and retrace to hit the 0.786 range at $76 - 77, and hit the 30 RSI support.
After that we might see an uptrend to $110.
Is it going to continue up or does it make a double bottom after?
Can it overcome the resistance of the down channel?
If it does break the channel up, we might see price going to $145. Where does the 5th...
Are we going to follow the same profile of the end of last year?
First wave up +-20%, second +-30% (2/3 ratio).
This time on a smaller scale, +-8.5% to +-12.5%.
If support holds at $118, we can go to the last correction's gap at $132-$133
Chance to get a 15%-20% trade. Not too big of a trade but good probability.
Let's wait and see how the daily finishes.
RSI seems to have found some resistance and shows some hidden bullish divergence forming.
Nice bullish pattern forming into July. Will update more when we are finishing the pattern in July
If we don't break the bottom trend line of the triangle, there's a scenario where this might happen and we see 20.000 by the last months of the year.
If this comes true we see a "cup and handle" forming, which by the end of the year can retrace a bit and after that continue to climb a bit more.
This is just a prediction and needs to be monitored as it's forming,...
