The base of the yellow bounce zone from my last post provided support for price. Price touched the gray resistance, and we are now in corrective mode.

We haven´t had a breakout yet, but my primary scenario considers we´re in the first leg of a new upswing. A break of 0.023 resistance reinforces this path.

Invalidation at previous low of 0.01483
Chart PatternsElliott WaveTrend Analysis

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