Wave chart suggest that wave 1 has ended, and I confirmed a wave 2 correction in progress. Target buy zone around $4.3. Give and take $4.2 / $4.4. Then upwards onto wave 3 towards $5.7
Fundamentals are still very hopeful with many waiting to buy below due to a short downtrend. Once they realized that the downtrend has reversed, FOMO should give wave 3 an explosion rush with a possible extension. I recommend to swing trade for this. Note that wave 5 may not happen if the news on 14th and the other 90% news turns out to be empty. Remember that developers have intention to tease price, so they can dump their portion for Christmas presents. May the force be with you.
Fundamentals are still very hopeful with many waiting to buy below due to a short downtrend. Once they realized that the downtrend has reversed, FOMO should give wave 3 an explosion rush with a possible extension. I recommend to swing trade for this. Note that wave 5 may not happen if the news on 14th and the other 90% news turns out to be empty. Remember that developers have intention to tease price, so they can dump their portion for Christmas presents. May the force be with you.
Zlecenie aktywne:
Support found at $4.4. Enjoy the ride =) Remember not to greed, targets can always change.
Zlecenie zamknięto ręcznie:
Correction changed into a double zigzag, further correction down into $4 or $3.8. Market still seems bearish.
1) $5.7 (Conservative)
2) $6.5 (Ideal)
3) $7.9 (Only if extended)
This is just wave 3, there is a small wave 4 correction that may trade side way for awhile then onto wave 5. Will update in new idea then, this only covers up to end of wave 3.