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TARGET: $5500
- We can see a decreasing trend with the 2 white lines (since July).
- MACD is almost crossing.
- The price didn't hold the 61.80% of wave 1, and can reach 76.4% / 78.6% (around $5500)
- Currently the price is evolving in a range ($6400 / $7800)
- I see the same pattern as the one between 2 September and 20 September (EMA 25 (red) < EMA 50 (yellow))
I am waiting the price breaking down the current range ($6400)