At the moment PA is really weak and seems to be in a potential continuation diamond pattern, but there is a good chance that we do get a slight recovery to take the stops before heading down big. If we do breakout above 32.25 then this could play out. XA had a perfect 1.13 extension which gives this a good potential to reach the targets.
Target 1 of 32953.
Target 2 of 33446.
I did have higher targets with my previous cipher pattern post but that seems unlikely now looking at how weak BTC is.
Target 1 of 32953.
Target 2 of 33446.
I did have higher targets with my previous cipher pattern post but that seems unlikely now looking at how weak BTC is.
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Just to reiterate I am bearish and I give going down from here more probability, so I am not trading this.
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Not advice.
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target 1 is more likely, target 2 is 2.413 so is a stretch, generally it should be within 2.24/224%