Have revised price channel upwards with targets of $9,675 followed by $9,966 and for the grand final which compares with previous rise from $6,000 to double top I calculate between $10,150 and $10,250. Plenty of potential resistance along the way and like other peoples postings anything can change in between. My Fibs are based on a low of $6399, otherwise you could say next up is more like $9,523 if you are using a low of $6,000.
Commentaire:
The close on the lowest low was $7,381 and the lowest low was $7,240 a difference of $140 so there is always going to be some margin of error when trying to calculate support and resistance points. Add other factors in and the margin can get wider.