MSTR Elliott Wave Analysis Trading LoungeMicroStrategy Inc., (MSTR) Daily ChartMSTR Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (v) of {v}.DIRECTION: Upside in wave (v).DETAILS: Looking for upside into wave iii of (v) as we go back approaching Trading Level 5 at 500$.
MicroStrategy Inc., (MSTR) 1H ChartMSTR Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave iii of (v).DIRECTION: Upside in wave iii.DETAILS: Looking for further upside into wave iii as we approach equality of iii vs. I which could provide resistance, especially as it could be a point of failure which would suggest a double correction lower.
This analysis focuses on the current trend structure of MicroStrategy Inc., (MSTR) utilizing the Elliott Wave Theory on both the daily and 1-hour charts. Below is a breakdown of the stock’s position and potential future movements.* MSTR Elliott Wave Technical Analysis – Daily Chart*MicroStrategy (MSTR) is showing strong bullish momentum as it continues into wave iii of (v), with upside targets nearing TradingLevel5 at $500. The continuation of this impulsive Elliott Wave pattern signals potential further gains for investors. Traders should watch closely for any resistance around the $500 mark as the stock moves towards this critical level.* MSTR Elliott Wave Technical Analysis – 1H Chart*MicroStrategy (MSTR) is expected to continue its upward trend as it progresses through wave iii of (v). The next potential resistance is the equality of wave iii vs. wave i, a critical level for traders. If this level is tested and fails to break, it could lead to a temporary double correction, but the overall trend remains bullish. Watch for price action and volume at key resistance levels to confirm continued strength in the uptrend.Technical Analyst: Alessio BarrettaMore By This Author:Elliott Wave Technical Analysis: Theta Token Crypto Price News For Wednesday, Jan 22
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