One of the most speculative and volatile assets I’ve encountered yet. The entire structure is messy and corrective, but the last low has still held so far and I count the past few days of consolidation as an ending diagonal in Elliot subwave b of larger B. If it plays out, I’m looking for one more low to the 0.35 area before price takes off in subwave c of B.
Target TP Range: 2.7-4.2 (will need to adjust if we get another low)
Be careful trading this asset. Subwave c of B would be followed by a very sharp drop to new lows. NFA.
Target TP Range: 2.7-4.2 (will need to adjust if we get another low)
Be careful trading this asset. Subwave c of B would be followed by a very sharp drop to new lows. NFA.
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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.