2ways it can go.
1) 5waves down with wave 5completed of a bigger wave 3. Now going up for wave 4 and finishing the big wave 5.
After that depending on where it bottems( targets in yellow) we pump to 5$ or more.
2) bearish af. and less likely but if price breaks below the thick yellow line we are going MUCH lower.
Date and targets are on the chart. /the big green box/
I really hope scenario 1plays out but time will tell.
Let me know what you think.
1) 5waves down with wave 5completed of a bigger wave 3. Now going up for wave 4 and finishing the big wave 5.
After that depending on where it bottems( targets in yellow) we pump to 5$ or more.
2) bearish af. and less likely but if price breaks below the thick yellow line we are going MUCH lower.
Date and targets are on the chart. /the big green box/
I really hope scenario 1plays out but time will tell.
Let me know what you think.
Trade active:
Going perfectly, still macro bearish but wave 4 can go higher.