Diamond Pattern and Price Movement:
This pattern, classified as a Diametric, signifies the completion of a corrective cycle and heralds the beginning of a new upward wave and bullish phase. The (g) wave has been identified as the final phase of this pattern.
Key Levels:
Optimal Entry Zone: Between $1.80 and $2.00.
Short-Term Price Targets:
Target 1: Around $3.30.
Target 2: Around $4.50.
Long-Term Price Target:
If the bullish structure is maintained, it is anticipated that the price may reach the $8.50 level within the next 250 days.
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