Currently at the end of its cycle too now start its bull run again after touching major support T/line as you can see on the time bars all bottoms to top of this ascending channel at 1097 days for last two swings so now for another leg up too 2.2000 area in 3 years time. Harmonic elements/pattern also suggesting a 1.618 projection along with the Fibonacci retrace...
Price has bounced off 0.928 resistance level which has been tested multiple times as support and resistance over the years - along with a clear harmonic price pattern with 1.27, 1.618, 0.5 areas all being of harmonic elements and RSI oversold on weekly.
Right now price is heading to 81 cents as this is a major resistance and is currently a 0.786 fib level and a long term bearish trend like so if price does not break this level we will see a bounce off that trend like and see bearish continuation for another 4 years till it bottoms out at 47 cents. Cant see that the recent bottom being strong enough as there’s not...
Currently @ former major support levels right now and monthly candle most likely to end in doji can look for bearish potential from now until next year. Found the 1.07800 level to be long term target to hit early next year using harmonic price patterns and harmonic elements. RSI closing in on overbought levels. Everything calling for bearish continuation
