This is just a zoomed in version of my previous chart to show the lower time frame analysis that I am tracking at the moment. Wave counts are always difficult I think when price is moving so impulsively. However, the most obvious move in all of it is this recent downside flush, which has created a perfect ABC correction. These almost always mark the end of a wave 1 and this is why I have concluded we are in wave 2 of 3 of this impulsive move. My upside target for the end of this run up (which I think is a wave 3 of 5) is somewhere between $5 and $10, with some bumps along the way. My wave count beyond existing price action is purely speculative at present and will likely change...
Trade ativo
I am expecting price to be range bound now until the beginning of January (about a month) as the asset is re-accumulated before the next big move up
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.