The chart outlines a bearish correction into the $40–50 zone (Wave (4) completion), followed by a major bullish impulse (Wave 5) targeting new highs above $1700.
Short-term: Expect drop into supports.
Long-term: Strong bullish continuation.
Short-term: Expect drop into supports.
Long-term: Strong bullish continuation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.