We calculate the beginning of the bullish cycle from 23 March 2020 to the minimum of the covid crisis up to the visible Double Top of Dicember 2021. 2-year cycle of large upside with an extension between the minimum and maximum points of 154%.
We are well under way to gain momentum towards new RECORDS!
The Fibonacci 50% media area 200 are very effective and well protected SOLID SUPPORTS AT 1W TF.
2 large SUPPORTS:
S1) Support 1 $11'000/$12'500
On average 200 a week at 50% of the Fibonacci retracement .
S2) Support 2 between $9'000/$10'000.
(Pre Covid Crisis Record)
RESISTANCE
1) Between $15'180/$15'860
2) $13'080/$13'900 ( Sulla MEDIA 100 A 1W)
Target: TP (Take profit) 161% for the price of $22'900 (+ 100% approximate)