The previous analysis of retracements says YES.
Previous retracements was -79% and -70% , and in extremely high gains, extreme pullabacks are to be expected and are normal.
The major trendline is intact and will still be intact even with a 70% correction.
Higher highs and higher lows will be intact also.
Since volume is not increasing on the downside, that is a good sign.
I believe the next major volume peak will be near the price of $1.
Price can consolidate in the range 0.33-0.6 for a couple of months before making a new all-time high.
Previous retracements was -79% and -70% , and in extremely high gains, extreme pullabacks are to be expected and are normal.
The major trendline is intact and will still be intact even with a 70% correction.
Higher highs and higher lows will be intact also.
Since volume is not increasing on the downside, that is a good sign.
I believe the next major volume peak will be near the price of $1.
Price can consolidate in the range 0.33-0.6 for a couple of months before making a new all-time high.
Note
Still healthy
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🏆 There is only #1 way to trading
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
🧪 Feel confident with science and logic
💰 Trade your way to success and freedom
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.