PartyDevil

PartyDevil

Revised my chart from before. Will be interesting to see what happens.

PartyDevil

As above, we're going to have to wait and see...

PartyDevil

Wait till price falls, then once it has entered 5th wave go long. At the end of pattern go short.

PartyDevil

5th wave is now active

PartyDevil

As you can see price will most likely make a lower move, if it falls down it should at least hit 50% fib line before making higher move. This is also wave #4, and we haven't seen any major retracement so making lower move will make sense. After we are done with wave #4, you can probably go long and ride wave #5 all the way to the top. If you want bigger picture of...

PartyDevil

After price broke the previous support and turned it to resistance, a support zone was identified. If resistance holds the price should plummet towards ~1.29. All of this is based on trends and RSI.

PartyDevil

Looking and trend lines and RSI, price should keep falling towards ~1.286-4. After a violent fall a few days ago, there should be a retracement to one of the 2 targets I marked on the chart then there should be another fall down, I would wait to go short.