Long
$Wave is waving high
WAVE : IMOThree possible scenarios as shown in chart.
Scenario 1 :
Exactly as previous ATH - Scene
Break 0.75 Lvl try to pump to Green zone
and dip down to 0.0Lvl
Time = 3 - 4 Weeks
Scenario 2 :
Break the previous ATH to reach a New ATH.,
This would be only possible if it has Constant Volume gain
over a volume spike.
Time = 4 Weeks
Scenario 3 :
To make a new ATH($45.5 - IMO)., with a long wick
further to fall down towards 0.618Lvl.
This would possible happen only if volume spikes leading to long wicks and less shadow.,
Time = 1 to 2 weeks
Trade active
Dude is exactly doing what's been shown on chart..Patiently waiting till it touch then Green zone.
IMO - Scenario 1 is highly likely
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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.