As of April 30, 2026, WGMI (Valkyrie Bitcoin Miners ETF) is in a volatility expansion state on the monthly chart, with a confidence level of 74%. Key support is at $36.0 and key resistance at $52.0. Monthly uptrend intact; sharp impulse to ~$65 then volatile pullback/consolidation and current bounce to ~$48 with RSI ~61.
Base resolves upward: price holds above ~$36 and reclaims/holds above ~$52, then retests the prior swing high zone; Elliott view: likely Wave 4 completed (or finishing) with Wave 5 attempt higher; Fib: move back toward 0.786/1.0 of the pullback.
Deeper corrective leg: failure near ~$52 followed by breakdown below ~$36; Elliott view: larger ABC correction extends toward the next major support cluster (prior breakout area / MA magnet).
2+ monthly closes above $52 would confirm upside continuation out of the volatile range
Monthly close below $36 would invalidate the current bullish-leaning volatility expansion and shift risk to deeper correction
Start near range-floor support (~$36-40); add into EMA200/structure (~$30-34); heavy add near EMA50/past base breakout (~$24-27) if a larger ABC plays out.
Trim into prior ATH supply ($60-65); larger trims on extension beyond prior peak (likely Wave 5 blow-off risk); close on extreme multi-year extension where price is far above rising EMAs and sentiment typically overheats.
As of April 30, 2026, WGMI (Valkyrie Bitcoin Miners ETF) is in a volatility expansion state on the monthly chart with 74% confidence. Monthly uptrend intact; sharp impulse to ~$65 then volatile pullback/consolidation and current bounce to ~$48 with RSI ~61.
On the monthly timeframe, WGMI has key support at $36.0 and key resistance at $52.0. The most likely scenario (bullish) targets $52.0 and $65.0, with a revert level at $44.0.
WGMI (Valkyrie Bitcoin Miners ETF) is currently classified as volatility expansion on the monthly chart, with 74% confidence. Confirmation requires: 2+ monthly closes above $52 would confirm upside continuation out of the volatile range This would be invalidated by: Monthly close below $36 would invalidate the current bullish-leaning volatility expansion and shift risk to deeper correction
The most likely scenario (bullish) targets $52.0 and $65.0, with a revert level at $44.0. The alternative scenario (bearish) targets $33.0 and $26.0.
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