$TENX PAY long and short term view
3rd chart out of a serie of 3 for my Twitter followers.
We can see that price is making a 5 legs structure wave to the upside and just finished a deep pullback after a big move up.
Normally, 5th should be at least equal length of leg 3 which means a new ATH.
Price broke out of the downtrend and retested the lower trendline. It bounced from that trendline which is a good sign.
Shorter term: quite simple==> as long as price stays above the yellow trendline, its a good buy for a possible big move up.
We can see that price is making a 5 legs structure wave to the upside and just finished a deep pullback after a big move up.
Normally, 5th should be at least equal length of leg 3 which means a new ATH.
Price broke out of the downtrend and retested the lower trendline. It bounced from that trendline which is a good sign.
Shorter term: quite simple==> as long as price stays above the yellow trendline, its a good buy for a possible big move up.
Nota
After the stormy days, we dropped out of the pattern and formed a new one, but it didnt change anything on the bigger picture (1-5 wave). Right now, its recovring and looking for a break out today.
In the current pattern it formed an ABC-correction.
Watch for breakout and buy after for target mentioned on chart
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Penerbitan berkaitan
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.