Either way, we are going to re test resistance at 2.92 ish to ATH.
1/ Blue path > Breaking it > we skyrocket to 20 USD
2/ Purple path> Another rejection will mean a very possible crash sub 1.50 level before we re ignite it to new ATH.
I'm betting on the last scenario as we usually see a swift crash/correction before impulse, and we've barely corrected.
As for the timing, be patient. We might be sitting in price discovery until at least mid july.
Good luck all!
1/ Blue path > Breaking it > we skyrocket to 20 USD
2/ Purple path> Another rejection will mean a very possible crash sub 1.50 level before we re ignite it to new ATH.
I'm betting on the last scenario as we usually see a swift crash/correction before impulse, and we've barely corrected.
As for the timing, be patient. We might be sitting in price discovery until at least mid july.
Good luck all!
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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.