Break $72.62 and minimal target is $111
If $9.70 is the low now and we can break $72.62 the price targets we can look at are below based off Fibonacci retracements. Fib levels are in brackets
All time high (1) $72.62
Bottomed out (0) $9.70
To validate the price targets below AMC must breakthrough $72.62
In the previous cycle $72.62 was the 4.236 fib extension level taken from its previous cycle top and bottom. So there’s no reason why It can’t reach the 4.236 again.
(1.618) $111.50
(2.618) $174.42
(3.618) $237.34
(4.236) $276.23
I do believe AMC behaves as in a crypto type cycle with bull run tops and bottoms.
If you’re unfamiliar with Fibonacci extensions I highly recommend watching some videos and doing some research on them because they are pretty much the reason prices land where they do.
All time high (1) $72.62
Bottomed out (0) $9.70
To validate the price targets below AMC must breakthrough $72.62
In the previous cycle $72.62 was the 4.236 fib extension level taken from its previous cycle top and bottom. So there’s no reason why It can’t reach the 4.236 again.
(1.618) $111.50
(2.618) $174.42
(3.618) $237.34
(4.236) $276.23
I do believe AMC behaves as in a crypto type cycle with bull run tops and bottoms.
If you’re unfamiliar with Fibonacci extensions I highly recommend watching some videos and doing some research on them because they are pretty much the reason prices land where they do.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.