3rd chart out of a serie of 3 for my Twitter followers.
We can see that price is making a 5 legs structure wave to the upside and just finished a deep pullback after a big move up.
Normally, 5th should be at least equal length of leg 3 which means a new ATH.
Price broke out of the downtrend and retested the lower trendline. It bounced from that trendline which is a good sign.
Shorter term: quite simple==> as long as price stays above the yellow trendline, its a good buy for a possible big move up.
We can see that price is making a 5 legs structure wave to the upside and just finished a deep pullback after a big move up.
Normally, 5th should be at least equal length of leg 3 which means a new ATH.
Price broke out of the downtrend and retested the lower trendline. It bounced from that trendline which is a good sign.
Shorter term: quite simple==> as long as price stays above the yellow trendline, its a good buy for a possible big move up.
Right now, its recovring and looking for a break out today.
In the current pattern it formed an ABC-correction.
Watch for breakout and buy after for target mentioned on chart