If, as I expect, Monday or Tuesday, 43$ acts as resistance and rejects the price. Then I think we could see this drop that could last until November with a target for DGXJ of 27$
Komentar
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First Gap Filled. Two more pending. More to come.
Trade aktif
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Next gap is the 32$ area And i think it could be filled this comming week 16 of May
Trading ditutup: target tercapai
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Not in the way i expected at the time i posted this idea, but market closed gaps from 2020. The last one at 29$ and happened past mont, July 2022
You are referencing a drop during a black swan event that was marked with extremely high volumes. I don’t see any similarities for the current correction.
JAY_c5velm
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@HypnoticStrix, I agree with you. I didn´t think in such a drop as possible until a few weeks ago, after June drop. Before, i always thought "it can drop like that, because that was due to a rare event, and a rare event can't happen every year. It wouldn't be rare if so." I was bullish all year, expecting GDXJ to reach 70 or evn 90. But things fix also. Miners began to do extrange things beginning 2020 before the covid.