Read the whole analysis carefully.
The price has broken out from the after completing the complex and time-consuming corrective wave 2. It has taken out local resistance at 0.0003555 and is now heading towards a key between the levels of 0.000600 - 0.000700. Breaking the top of this zone is the key to further long-term increases.
At lower time frames, however, it is possible to complete the first impulsive wave and the downward correction of the lower cycle wave 2 can begin anytime now. This corrective cycle should end at the level of 61% Fibo, or 0.0002422. It is therefore a good level to enter for those who are late (first strong buyback zone). Next in order is wave 3, which should easily break the long-term swing highs at 0.0020 and go towards 0.0030 (the more accurate levels will be known after the completion of wave correction 2). Thus, playing on wave 3 increases can give up to 1000% of profit in the longer term.
Any violation of the technical at 0.0001030 invalidate the impulsive upward scenario completely.
TREND and IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: DOWN
Daily trend: UP (up trend continuation and the possibility of breaking higher after correction termination)
- for further increases - level 0.000600 and later 0.000700
- for continuing correction - level 0.0003556 and 0.0002500
- for continuation of decreases - level 0.0002500
PS: Make sure you follow me!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
Buyback zone:0.0003556 - 0.000034000