Hi everyone,
Here's a quick update on $GME. We started yesterday at $64.74 and dropped sharply to $31.11 but managed to hold the 0.382 Fibonacci level. If GME can break above the 0.236 level at $41.72, we could quickly rise to $64, potentially closing the gap at $74 and even reaching as high as $100+.
Our MTTSA indicator predicts a significant upward movement, as the daily is about to cross the monthly.
Downside targets:
If we lose the 0.382 level, the next target is the 0.5 Fibonacci level.
If the price falls and closes below the hourly on the MTTSA indicator, expect it to seek support at $25.42.
There's also very strong support at the monthly level alongside the 0.618 Fibonacci level.
Conclusion:
GME has been making higher highs and higher lows. As long as it stays above the $31.72 level (0.382 Fib), this uptrend should continue. With the daily set to cross above the monthly, we anticipate a significant rallyâsimilar to the impact seen when the hourly crossed the monthly.
Here's a quick update on $GME. We started yesterday at $64.74 and dropped sharply to $31.11 but managed to hold the 0.382 Fibonacci level. If GME can break above the 0.236 level at $41.72, we could quickly rise to $64, potentially closing the gap at $74 and even reaching as high as $100+.
Our MTTSA indicator predicts a significant upward movement, as the daily is about to cross the monthly.
Downside targets:
If we lose the 0.382 level, the next target is the 0.5 Fibonacci level.
If the price falls and closes below the hourly on the MTTSA indicator, expect it to seek support at $25.42.
There's also very strong support at the monthly level alongside the 0.618 Fibonacci level.
Conclusion:
GME has been making higher highs and higher lows. As long as it stays above the $31.72 level (0.382 Fib), this uptrend should continue. With the daily set to cross above the monthly, we anticipate a significant rallyâsimilar to the impact seen when the hourly crossed the monthly.
Kommentera:
Strong support at the monthly :)
