One of the most speculative and volatile assets I’ve encountered yet. The entire structure is messy and corrective, but the last low has still held so far and I count the past few days of consolidation as an ending diagonal in Elliot subwave b of larger B. If it plays out, I’m looking for one more low to the 0.35 area before price takes off in subwave c of B.
Target TP Range: 2.7-4.2 (will need to adjust if we get another low)
Be careful trading this asset. Subwave c of B would be followed by a very sharp drop to new lows. NFA.
Target TP Range: 2.7-4.2 (will need to adjust if we get another low)
Be careful trading this asset. Subwave c of B would be followed by a very sharp drop to new lows. NFA.
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