From the point of view of the theory, there are two wave scenarios available, both of which are pro-growth in the long term. Moreover, if the alternative scenario turns out to be a correct wave scenario, the potential for growth is much higher than in the case of the main scenario. The invalidation of the growth scenario will occur with the violation of the level of $ 1.10.
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRALNY (continuation of the correction)
- for further increases - the level is $ 4.49 and later $ 5.80.
- for the continuation of the correction - the level of $ 2.72 and later $ 2.14
- for the continuation of decreases - the level of $ 1.10.
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The same applies to the support zone between the levels of 2.72 -3.02. If broken, the price might visit the level of 2.14 and then 1.10.
👥Head of Analysis & Trading at BitBay
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