Update from the previous analysis. Price has stumbled from previous high, however it has been accumulating over the past few days in a small range while keeping above the 61% zone of the last impulse.
There is currently a slight wedge forming on the retest of the long term trendline which has been respected multiple times.
Bollinger bands are squeezing however price can still drop a bit more and reverse on the TL.
Personally spot long, SL under 78%.
Previous analysis linked.
There is currently a slight wedge forming on the retest of the long term trendline which has been respected multiple times.
Bollinger bands are squeezing however price can still drop a bit more and reverse on the TL.
Personally spot long, SL under 78%.
Previous analysis linked.
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