This is an extremely bullish picture:
- support of the big trend channelline which works since the beginning of dash
- EMA 50 support
- SHS Formation
- wave count in order (c = 0.62 x a), c went to the end of 4
- Descending trendline and horizontal support (see lines)
If the price gets above 470 USD (either directly or -less likely- after a few days and a small correction to around 430-450 $), next target will be 670 USD in a move which might be expected to be quite quick. Afterwards there might be a correction, which will help to form a bigger shs pattern with a subsequent target of more than 1000 $.
- support of the big trend channelline which works since the beginning of dash
- EMA 50 support
- SHS Formation
- wave count in order (c = 0.62 x a), c went to the end of 4
- Descending trendline and horizontal support (see lines)
If the price gets above 470 USD (either directly or -less likely- after a few days and a small correction to around 430-450 $), next target will be 670 USD in a move which might be expected to be quite quick. Afterwards there might be a correction, which will help to form a bigger shs pattern with a subsequent target of more than 1000 $.