My previous idea stoped . Sometimes we have a multiple wave for wave 3. Therefore, the 3rd wave can be completed and we are now completing the 5th wave. Divergence is also evident between waves 3 and 5. The distance between the peaks and the previous bottoms gradually decreases.
Therefore, I still expect that we have a wave-like correction before climbing to the $93-$117 range. In this case, the range of $63 and $52 will play the role of strong supports and it is unlikely that the price will be able to fall below the range of $52.
The general trend of this coin is upward and it pursues high goals, and the period of this analysis is short-term.
Therefore, I still expect that we have a wave-like correction before climbing to the $93-$117 range. In this case, the range of $63 and $52 will play the role of strong supports and it is unlikely that the price will be able to fall below the range of $52.
The general trend of this coin is upward and it pursues high goals, and the period of this analysis is short-term.
Comment:
70.94 support line is very powerful ; this is key level and price must break this to go down , otherwise it could climb again
Comment:
As I said earlier, $70.94 support was very important to maintain the upward trend, and finally the price broke this vital support and touched the strong support area of $63. Considering the powerful movement step, I expect the price to move towards lower targets after a little rest. The most important support area is $52 and I expect to see a return if the price reaches this area. However, a break below this zone will lead to sharp collapse.
Comment:
Wave B is completing, so I expect wave C. Although wave B is very strong , it can be considered a ploy to convince buyers.
The behavior of this coin is complicated and should be careful not to fall into the trap of whales who have focused on this coin for more than a month.
The behavior of this coin is complicated and should be careful not to fall into the trap of whales who have focused on this coin for more than a month.
Comment:
huge dump ahead if beaks below 60
Comment:
The movement momentum has decreased, the falling step was very strong and if the weekly candle closes in this way, should wait for the reaction of the support of $52 and even the support of $46, which can be the final target of the head and shoulders pattern.
