The confluence level at the First target at $12.20 did its job and the moment the price action hit this level, the selling pressure started to build up and since then, the price has dropped -20%.
I think this is more than reasonable considering the climb from $2 to $12 in the space of 1 month, which is as parabolic as you'll get.
This chart has not changed and the white fib levels remain our targets
The 50 and 200 Day MA's will start moving up to this area too so we will monitor the price action to see if we can get a pull back to below $8.50.
Ramesh Ayyagari
2024-07-16 15:03:23 +0000 UTCFrancisco Martin
2024-06-25 07:15:06 +0000 UTCFrancisco Martin
2024-06-25 07:15:02 +0000 UTCGareth Neary
2024-06-24 12:15:18 +0000 UTCFrancisco Martin
2024-06-24 12:13:28 +0000 UTC