Scenario 1 (purple) is more likely to happen since the bulls showed weakness and failed to show upward breakout of the resistance by wave (A). In this regard, I presume the price will be developing by the way of Scenario 1
P.S. On the left side we can see the proper breakout and HH of the resistance showing the strength of the bulls
@bed87, Yes, still by purple. The current breakout is done by either
1) in the course of developing (B) (which will take a look of wxy)
2) or C
So will see. The fact is that bulls showed weakness
bed87
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@profilart, But now we are heading up to 58k, and why do you choose 44k why not 47k the first next support below 50?
profilart
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you are right, the price can even stop on 50K if the purple scenario is now underway. But I will be able to undertand that once the price is at 50K. I have chosen 44 as the major bearish target