PAYBTC possibly in wave 4 triangle of wave C

PAYBTC seems to be forming a triangle.

A triangle most commonly forms in the wave preceeding the final wave of the pattern.

This could therefore be a wave 4 of wave C in an ABC correction.

If correct, we have one more drop left to the box which will then complete the pattern. From there price may rise again.

Trade with care! :)

評論:

Seems like we broke down from a descending triangle in this 4 of C into the support box.

From there the price action looks impulsive.

This could very well be the bottom.