I believe we have only just finished the first wave of our EW and that we are going through our 50% retracement from last ATH (wave 2).
Now there are 2 possibilities here. the normal EW follow up is in green and the extended version is in red.
How are you supposed to read this:
Our minimum next target is the end of wave 3 (green) at 3100 sats and if it gets extended it will likely continue to the end of the 3rd extended wave (red) towards the 5100 sats.
The next targets are as shown. Now what is important when you look at this is that the dates WILL vary. It could be that we will be consolidation around the current price for the next days maybe weeks. What's important is when it will follow in it's 3rd wave.
Until that time, happy trading!
Now there are 2 possibilities here. the normal EW follow up is in green and the extended version is in red.
How are you supposed to read this:
Our minimum next target is the end of wave 3 (green) at 3100 sats and if it gets extended it will likely continue to the end of the 3rd extended wave (red) towards the 5100 sats.
The next targets are as shown. Now what is important when you look at this is that the dates WILL vary. It could be that we will be consolidation around the current price for the next days maybe weeks. What's important is when it will follow in it's 3rd wave.
Until that time, happy trading!
