Recent pullback likely nothing more than a shakeout before we moon. We have corrected to fib 0.618, 4hr Vegas Wave, and trend line, so there is a strong possibility we start moving back up from here.
UNFI has tested the lower trend line and upper trend line multiple times and the last two pivots have both held at the .786 fib retrace. Given the market bullish crypto market conditions (bitcoin bottoming at 17k and establishing a recent uptrend) and the geometry of the UNFI/USDT and UNFI/BTC pairs, I believe UNFI will pump before the end of the month and begin...
Pump to ~$3.45 before a drop to retest the low - $3.45 coincides with trend line and 0.61-0.65 fib Pump to break the macro downtrend after the retest.
For the last couple of months ~$267 has proven to be a key level for BSV. The previous local tops in early April, mid-February, and early January all failed to close above that level and hold it. Over the last few days we've been increasingly pushing up against it but still, it fails to hold. To break and stay above it will require a High Volatility Funnel (HVF)...
Expecting BSV to fall between 0.618 and 0.65 fib levels as BTC does the same. I'd be a buyer between $203 and $207.
BSV volatility decreasing since this morning. Expecting a major swing to the upside by tomorrow morning.
BSV has been significantly underperforming most of the major alt coins and BTC for the last several months. High volatility funnel over the last couple of months and the geometry of the price action over the last year indicates to me that a major move up is imminent for BSV.