RE: Strong buy - give it time6 May 2021 11:02
Wave count
The wave count suggests that the price is in sub-wave three (orange) of wave five (white) of a long-term bullish impulse.
The most likely targets for the top of the current upward move are located at $81,300 and $102,300. These targets are found by using a Fib projection on waves 1-3.
A decrease below the April 24 low of $47,004 would invalidate this particular wave count.