We're at the top of the channel we've been surfing since May. It's hard for me to believe that we're not going to see a 30-50% retrace as we have seen in all other major volume trade increases in the past. The supports I'm imagining are in the $70-$120 range, depending on how far we trade sideways versus a quick drop like on Sept 15th, following the last major increase on Sept 1st.
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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.