CRSR - Price moving within a descending wedge
Hi All, my main 3 take-outs from this analysis are the following:
1- After IPO jump up to 50$ price started consolidating into a huge descending triangle, and the movement is still in progress
2- Price might be heading to another touch of the higher part of the descending wedge, which might occur in my opinion between February and March at arund 30$ level
3- Price is rebuncing from a second touch of an uptrend line that started with the IPO prices. Next closest target 27-28$ and from there we'll be possibly attacking the 30$ level at beginning of 2022
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- After IPO jump up to 50$ price started consolidating into a huge descending triangle, and the movement is still in progress
2- Price might be heading to another touch of the higher part of the descending wedge, which might occur in my opinion between February and March at arund 30$ level
3- Price is rebuncing from a second touch of an uptrend line that started with the IPO prices. Next closest target 27-28$ and from there we'll be possibly attacking the 30$ level at beginning of 2022
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
