QASH has reached its last high at 0,945USD - the top of wave 5. This has also been the upper limit of the ascending trend channel.
It turned down - on the way to the lower level of the channel where I expect the point of the corrective wave A.
At this level we find a fib retracement 78.6% (0,84$).
If I´m right with this projection the price should climb and forming the motive wave B. All the time QASH shall stay within the channel. The top of B shall be lower than 0.95$! - Otherwise this projection is wrong.
The following waves - I think of an abcde- correction - could lead QASH to a price around 0.68$ or so.
In "supercycle" this could be the end of wave II.
We´ll see.
It turned down - on the way to the lower level of the channel where I expect the point of the corrective wave A.
At this level we find a fib retracement 78.6% (0,84$).
If I´m right with this projection the price should climb and forming the motive wave B. All the time QASH shall stay within the channel. The top of B shall be lower than 0.95$! - Otherwise this projection is wrong.
The following waves - I think of an abcde- correction - could lead QASH to a price around 0.68$ or so.
In "supercycle" this could be the end of wave II.
We´ll see.
Trade active:
Comment:
Corrective wave A has been longer than I´ve expected and broke the trend channel to bottom. I adjusted the next waves and actually I think we could see a new target zone (for reinvestments) at 0.62$
Trade closed manually:
I think my analysis for QASH is false!