Description
⋅ On the above 5-day chart price action has corrected 95%. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Support confirms on past resistance (November 2019), look left.
3) The falling wedge allows us to forecast the cycle top as measured from the swing high to the swing low, 1700%.
Is it possible price action corrects further? Sure.
Is it probable? No. This is your call, we rise and we fall.
Ww
Type: Trade
Risk: <=6%
Entry: 21-29 cents if possible
Return: 1700%