$UBER - This is an interesting setup because there are two main scenarios that could play out on the mid-term, both of which would shape the longer-term outlook.


The main POI I’m tracking right now is the support range marked in blue around $72, which aligns with the 0.618 Fibonacci level.
If the price breaks below this support zone, it would open the door for a deeper pullback toward the high-timeframe support range marked in green, which aligns with the 2024 bottoming formation.
On the other hand, if the price manages to break above the lost high-timeframe support range marked in purple around $82, I believe that would confirm further upside.
In that scenario, my 12-month target is around $112, which aligns with the high-timeframe resistance zone marked in red and the 1.272 to 1.414 Fibonacci extension levels.
That would imply approximately 52% upside from current levels.
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