Since the middle of last week, SPOT has shown its strong side, jumping about 17% at its peak. Given that this move surpassed the early September high, it should represent a good sign for the ongoing upward movement. Primarily, we expect long-term gains to extend well beyond the resistance at $785. Following this, sell-offs should occur down below the mentioned level before the price should rise significantly again. At the same time, there remains the alternative possibility of an incomplete, deeper downward movement below the $405 support (probability: 40%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.