Probably the end of the correction occurred, it is assumed that it was in the form of a plane. Wave B was 0.618 from A, estimated C 0.618 from A., total correction of wave 3 to log 0.5, not to log 0.886. Thus, according to the fibonacci values, we can say that the correction is over.
In the current situation, we need to consolidate and pull back on ema20 at the bottom and on ema200 for 2h, since there is overbought, which can be seen by hidden divergences on the daily timeframe on RIS, MFI, direct 2h divergences on RIS, MFI.
The 1st wave of new growth is expected at 5, respectively, a rollback at 2 is also expected.
Naturally, you can take the current ones so as not to catch a rollback, but you will need to sit out ...
There is also an option that this is not a plane, but a triangle (0.618 hints), as in btc, where it is more obvious.
And yet, wave C is not over yet, now there are 4 in wave C, there will be another 5th.
In the current situation, we need to consolidate and pull back on ema20 at the bottom and on ema200 for 2h, since there is overbought, which can be seen by hidden divergences on the daily timeframe on RIS, MFI, direct 2h divergences on RIS, MFI.
The 1st wave of new growth is expected at 5, respectively, a rollback at 2 is also expected.
Naturally, you can take the current ones so as not to catch a rollback, but you will need to sit out ...
There is also an option that this is not a plane, but a triangle (0.618 hints), as in btc, where it is more obvious.
And yet, wave C is not over yet, now there are 4 in wave C, there will be another 5th.