ligand

ligand

Maximum target 3130. Afterwards a rapid wave 3 down to around 1500. Nice internal Fibonacci relations. If the price goes beyond 3136, then this count is wrong and the waves consist of fractal 1-2 subwaves of different hierarchical orders. Anyway 3100 is a nice entry to short with limited risk and a stop at 3140.

ligand

shs pattern (see hourly chart)

ligand

last leg up

ligand

entry at EMA20 4-hourly

ligand

The weekly EMA 20, the red uptrend line and the 50% fib retracement level converge at 181-183 USD. After this retest a huge drop as a wave 3 might take place.

ligand

the target is defined by the crossing of the horizontal support and the lower trend channel line

ligand

Price is on its way to the endpoint of the correction since 2017; see chart and former analysis

ligand

A subwave 4 is unfolding, triggered by a shs formation after an RSI extreme. Note the crossing of the trendlines in the target area around first of march.

ligand

The abcde triangle forming wave 4 is nearing its end. A last downmove (e) to 8000-8500 USD is probable. Afterwards the price will explode upwards and never see this area again. Note the crossing of the three blue trendlines designing the bottom for c. Now the three red lines signal a bottom for e. The end of wave e corresponds to a 62% retracement of the whole...

ligand

Expect a rapid drop of POG to around 860 USD. Of course, only few expect this at the present moment. This drop would result in a 62% correction of the bullish move since 2001. Note that a=c=1 and b=0,76 (price) and a+c=b (time). The correction would lead the price in the area of the preceding 4 of one minor degree, according to the rules.

ligand

bullish setting

ligand

Considering the fib relations (not shown) this is my most likely count. If the upper horizontal line gets crashed, the sky is the limit.

ligand

If the POG fails both trendlines it may fall very far. Note RSI division, inverted hammer forming and EW count (shown before: the b of a big abc correction since the ATH may just have ended with an impulsive minor c upwards)

ligand

Inverse shs pattern. Entry at the daily EMA20/ small red uptrendline.

ligand

No more support until 0.003.

ligand

bottoming out

ligand

Classical fractal shs formation

ligand

Breakout - retest. Now a limit buy at the uptrendline might be ok.