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Alikze »» FIL | Big C or 3 wave scenario

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In the daily and weekly time, it is moving in an upward channel, which according to the previous analysis, the last wave had the ability to grow to around 100% of the previous wave, after which it faced correction, which was correctly mentioned in the updates of the previous post. And extended to the specified area of correction.
💎 First scenario: Therefore, if this last correction, which is extended in the form of three waves up to the green box range, is completed and its structure does not constitute a complex combination correction, we can expect a sharp super cycle of wave C or 3 from it. In the first step, it will conquer the ceiling of the previous major and after that it can touch the specified supply area.
💎 Alternative scenario: If the green box range is broken, this correction can extend further to the $4 range and then to $3.125, in which case it should be updated again.
If the behavior and structure of the post changes, it will be updated.
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注释

According to the movement path, after almost 13% correction and positive reaction to the limit of 5.18 in the 8h time frame, with a morning candle, it is in demand. Currently, it will be available with Break 6.25 first target.

注释

According to the movement path, it has grown almost 30% so far, which is currently in a short-term ascending channel, which has faced selling pressure at the top of the channel.