BIGTIME: Impact on target price, valuation range adjusted during the week

In the analysis of BIGTIME on December 4, it was proposed that the price of BIGTIME is accelerating its rise along the yellow trend line, and there is a risk of price falling in the short term. It is necessary to pay attention to the support of the yellow line. Yesterday, BIGTIME fell as low as 0.5 after 10pm, just reaching the support position of the yellow line. Then it started to rise again and reached a maximum of 0.95 this morning, setting a new high again.

Judging from the current market, BIGTIME was blocked and fell back after rising to 0.95. The blue circle is the range where the price may step back. If the market is strong enough, it may just make a shock adjustment near the current price. After the step back or adjustment is completed, it will continue to rise. Impact target price of $1.

In terms of data, the 1-hour OBV began to rise and cover again after a sharp decline, and bulls continued to enter the market. The 1-hour MACD continuously formed golden crosses, further boosting the market's rise.

The valuation range was adjusted to 0.65-0.95 during the week

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If you still have long orders on hand, you can take profits around $1 and do not consider intervening in short orders for the time being.