In June, I posted a chart on Clouflare and since then, saw its price move by almost 50% in just 3 months.
At 313$, Cloudflare upmove looks to have topped out for now and I would expect the prices to reverse back to sub 200 mark.
The Elliot wave strucutre of the bull move looks complete and in the super cycle, we should begin wave 4 correction journey. Divergences and Demark completion across 4D and 1M are a confirmatory signal with long standing upside trendline acting as resistance.
The only confirmation signal lacking to actively intiate short is that the sweep volumes at top are still at average levels and top candles have not shown a high volume sell activity so we might be a couple of days away from a true top yet.
TLDR - Cloudflare has marked its intermediate term top and can give away all gains made from May 2026 onwards.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.