I think we are currently in a mini ABCDE formation. The next target (D wave) can be $3.70 range and lastly (E) wave could retreat to $3.60-3.65.
If the price can pass over the triangle, it can go to the 4.20 level.
If the price can pass over the triangle, it can go to the 4.20 level.
Dagangan aktif
We have a new formation. The one I mentioned topped around $4.2 and then retreated $3.80.Now its new target, in my opinion, is $4.40-4.50 range.
Briefly, the price movement from $3.39 to $4.20 was an A wave. $4.20 to $3.70 was a B wave. And, this one will be a C wave. As you can imagine, I expect a further D and E waves.
Dagangan aktif
A mini-ABCDE formation is forming at the moment. I think the price will come back to $4.00-$4.04 range and bounce from this level.Nota
I think the correction is done. There is still a chance to see 2.7x but, think the 3rd impulsive wave has started. The next target could be shy of $5.0. A little background about what happened so far:
- 1st wave: 3.60-4.40, 2nd wave: 4.40-3.80(ish)
Nota
To be more precise, I expect the price hit $3.77.Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.