Many have plotted similar log charts but I think this is the most accurate representation. I believe the middle trendline is important and we have already had the retest below so I lean towards the next large 40% pullback coming from much higher up.
My Initial price range estimates are between $200-$280K but my lowest conservative estimates are $150-$200K, just simply based on the info in this chart and the current macro environment, assuming nothing major changes.
Date range of May to October, more likely June to October &
My Initial price range estimates are between $200-$280K but my lowest conservative estimates are $150-$200K, just simply based on the info in this chart and the current macro environment, assuming nothing major changes.
Date range of May to October, more likely June to October &
Note
Eyes on $50-
52K short term before any further upside now that ATH has been broken to the downside. As low as $47 in play this week, stay careful but likely also a great dip buy opportunity, played as a bounce or held longer term. Long term outlook has not changed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.