Bearish continuation

Chart description:
Assuming the low is in and we finished wave 1.

Short/mid-term setup:
- Flat structure, currently in wave C.
- Although wave B did not touch the 1.23fib. It looks expanded because of the leading diagonal is invalid.
- Multiple 1-2 setup.
- Target box laid out in chart. Golden pocket ratio at $0.64.
- As price action progresses we can set clearer targets for short-term bullish/bearish scenario’s.

注释

Main scenario: wave 4 minuscule for a flat structure. Invalidation level at $0.8922 (0.618fib retracement).

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Reassessed labeling. Potentially multiple 1-2 setups!

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Considering Bitcoin's uncertainty another perspective for MINA - expanding diagonal. If BTC moves impulsively down, I expect more downside for MINA.

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Wave B retracement in my previous chart is i.m.o. to shallow, which makes me consider alternatives.

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Update on Bitcoin_v0.1. Next move bitcoin could give us much more information on its trajectory. Expecting a wave C (5 waves).

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Another attempt at shedding some light on MINA's price trajectory. Binance doensn't cover MINA's full history, Labelled it as rare WXYXZ prior to its move upward. This move is either a wave 1 (part a potential leading diagonal [3w up/3w down]) or a wave A.