There is a wave 5 in the works. As illustrated in the graph the price failed to break the UML of a green schiff pitchfork and momentarily bounced off it. Might breach 0.036.
Note
Technically 1H bullish pennant followed by a symmetrical triangle completes wave 5. One thing to consider is that the ratio for wave 5 could be 1.618 X wave 1 or 2.618 X wave 1 as is known from research, and this fact alone sends the price to 0.04527 and 0.06027 respectively.Place shorts: 0.343-0.0347
Stop loss: 0.0357
Profit taking range: 0.03
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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.
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.