It is moving in a descending channel at time H1. The roof of the channel is being modified for a short time by forming a double roof. Therefore, it can face further correction up to the midline of the 12.5 dollar channel. If the stabilization candle closes above $12.5, the trend can be reversed.
@utijohn440, I had to cancel the position due to wrong wave identification. The corrective wave has corrected 23% of the previous wave, which started the upward trend with a morning star candle.
xptx
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Its in a much wider accumulation channel. This is has been in a long accumulation for a year. Looks to rip this month or within the next few months we could see it tap 28-30. 10x is possible in its near future.
alikze
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@xptx, maybe, but The timeframe of the short-term review is H2.