Bitdeer We got the Breakout! BTDR

Local Analysis / Targets / Elliot Wave

BTDR Price is breaking out aggressively as predicted in previous analysis. We got the push above the descending resistance line. The next target is the $24 all time High Volume Node resistance but wave 3 minimum target is above $30 per the Fibonacci extension tool.

RSI is overbought but with no divergences yet and can remain this way for weeks.
Standard Deviation Band Analysis

Standard deviation bands fair value line was tested as support and price is about to breakout above the SD+3 threshold starting a new trend into price discovery with a $50 target. Traders should still be cautious of a rejection in this area.

Safe trading