BIGTIME: Raise target price, be wary of short-term price fall

In BIGTIME's analysis on November 26, it was mentioned that BIGTIME's short-term decline was just a short-term trend, and it recovered the decline in a short period of time. After the adjustment is completed, the upward trend will further continue. During the adjustment process, BIGTIME price continued to step back on the blue upward trend line to gain support, and then started a huge upward trend. Judging from the current market situation, BIGTIME is above the blue line and has started to accelerate its rise along the yellow trend line. The angle of the yellow trend line is extremely steep, and the market may have begun to enter the top mode. At present, we need to pay attention to the support of the yellow trend line. If it falls below, the market will begin to enter a correction.

In terms of data, the 1-hour OBV data began to show signs of decline, indicating that funds have begun to withdraw. The 1-hour MACD energy column begins to fade, which also means that this accelerated rise may have come to an end, and there may be a downward adjustment in the short term, and it will continue to rise after the adjustment.

Medium-term target price adjusted to $1

In the short term, short positions can be opened near 0.66, with a take profit price of 0.55.