The new high on May 1 has made this a neutral cycle. The cycle is approximately halfway with time to still become a bullish cycle.
Still very possible there are large price swings with $1.70 being a likely point for the next higher low if this fails to break $2.00
If it breaks above $2.00 there are 2 main possibilities I'll be watching for. I have shown the first with the green lines, once above $2.00 becomes supports.
The other is that it does not become support and we see like large price swings continue like the orange line but with higher highs above $2.00
Still very possible there are large price swings with $1.70 being a likely point for the next higher low if this fails to break $2.00
If it breaks above $2.00 there are 2 main possibilities I'll be watching for. I have shown the first with the green lines, once above $2.00 becomes supports.
The other is that it does not become support and we see like large price swings continue like the orange line but with higher highs above $2.00
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.