As described in my prior post we have made a significant move from 0.32 to an all-time high of almost 0.70 as part of wave 3 of the EW supercycle.
We now have a minor wave pattern 1 & 2 complete in orange aligning with the 1 & 2 waves of the supercycle yellow this is a very bullish pattern.
We have an upper trendline that has now been touched 5 times a break on volume would confirm wave 3 of the minor EW pattern in orange and a contribution of wave 3 of the supercycle EW.
The fib extension of the 1 & 2 minor waves show a 1.618 fib target of $1.28 but as wave 3 is typically the largest wave we could see significantly higher prices.
As mentioned before the $1 level will have a psychological barrier associated with it (due to the let's get to $1 hype), so expect selling at the level.
As always wishing you luck if you are long.
Feedback is appreciated.
We now have a minor wave pattern 1 & 2 complete in orange aligning with the 1 & 2 waves of the supercycle yellow this is a very bullish pattern.
We have an upper trendline that has now been touched 5 times a break on volume would confirm wave 3 of the minor EW pattern in orange and a contribution of wave 3 of the supercycle EW.
The fib extension of the 1 & 2 minor waves show a 1.618 fib target of $1.28 but as wave 3 is typically the largest wave we could see significantly higher prices.
As mentioned before the $1 level will have a psychological barrier associated with it (due to the let's get to $1 hype), so expect selling at the level.
As always wishing you luck if you are long.
Feedback is appreciated.
