$SPOT
Added 2024-06-04 22:26:40 +0000 UTC$SPOT managed to pull back to the 0.236 Fib and the 50 Day MA and bounced, the combination of both this Fib level and the 50 Day MA meant this was a strong confluence level and the price reacted very well and did not need to come down to the 0.38 Fib which would be the standard Wave 4 pull back level.
$SPOT have announced that they will increase their price this week in the US, which is the second increase in a year and I expect this to be rolled out throughout the globe, a 10% increase in price should directly improve their fundamentals and the market appears to like it.
I have set Wave 5 at the blue line which is the previous ATH line and the 2.618 Fib level is slightly higher at $425
Comments
And therefore it’s on its way to wave 5 Top?
Simpson
2024-06-05 06:11:01 +0000 UTCSuper intriguing chart. Just confirming, you think wave 4 is complete?
Simpson
2024-06-05 06:10:27 +0000 UTCThanks for sharing - I think 336 could be near term top…looks juicy to start long at wave 4 pull back for 400$
karthik
2024-06-05 02:30:46 +0000 UTC
