First upwards wave shows 5 waves and was approx $1.5k.
This wave is retraced for 61.8% and price development seems ready for the next wave up. Assuming it will have a wave length of around 1.618 of the first wave it should at least reach $9.5k.
If the price breaks out downwards this picture will be invalid directly.
This wave is retraced for 61.8% and price development seems ready for the next wave up. Assuming it will have a wave length of around 1.618 of the first wave it should at least reach $9.5k.
If the price breaks out downwards this picture will be invalid directly.
Note
That was quick ...
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.