the monthly is still waiting on a cross to the upside
no monthly divergence with price
we are trading below the weekly ribbon
the is crossing on the monthly but we can definitely hang low for a bit before we move higher
we got a massive candle on the monthly indicating a bottom is near and coming soon
I had to cut the video short because of the time restriction but we need to keep a close eye on current price action this month to reveal whether we are going to get 5 waves down to break the last low in price.
my price target is around the $1 range because of the 3.618 extension on the fibonacci tool.also, the current price action has a potential wave 1 and wave 2 that i was able to take the tool to it and it lined up with the 3.618 extension showing an area of confluence around $1
If you are struggling with a chart and need some help i can do a free video analysis for you to help get you on the right track.just reach out. do not be afraid to ask for help. we are all learning here.
enjoy the video and thank you for your valuable time everyone!
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