After squeezing the price in the range of $ 80 to $ 100 in 4 out of 5 of Elliott’s 5 main moves and creating the ABCDEFG pattern, we saw the price move upwards, which is 1 in 5 of Elliott’s second move for the coming days.
The price is currently adjusting in the range of 0.5 to 0.618 Fibonacci
If the price can stabilize above the $ 190 range, it can move towards the price targets, which is first the previous price ceiling and then move towards the end of wave 5.
To move the price to $ 800, it is necessary to stabilize the price above $ 450
To continue moving, it is necessary to break the downward trend line (red line) of the previous ceilings!
I have used RSI here to validate the movements

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