We have formed an inverse H&S pattern. Stochastic oscillator and MACD also showing bullish momentum.
Right now we are attempting to break the .618 Fibo retracement level of the Mar-Aug'20 impulse. After breaking it we can experience some minor resistance at 9,2 $ which is the 0.5 Fibo level. After that we will reach our Take-Profit target at 11,2 $ - which is a 60% price increase from the current level.
I expect this to take place in the next few weeks. Before the end of the year.
GL&HF
Right now we are attempting to break the .618 Fibo retracement level of the Mar-Aug'20 impulse. After breaking it we can experience some minor resistance at 9,2 $ which is the 0.5 Fibo level. After that we will reach our Take-Profit target at 11,2 $ - which is a 60% price increase from the current level.
I expect this to take place in the next few weeks. Before the end of the year.
GL&HF
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