Hello all,
My previous idea highlighted 0,38 area for target, but we didn't manage to break 0,33 resistance so this scenario could come true hence the re-assessment of the situation.
What is certain or almost.
- We are still in the downtrend channel (orange)
- We are probably going to retest yellow downtrend line
Assumption and speculation
- Bottom and final retest at 0,13 making a HL (on higher TF) which could confirm start of uptrend (White channel) - Level confirmed if my Fib correctly set. Double bottom is also possible.
- Target in about a year time 0,50ish.
- Cup and Handle then? Well, plenty of time to re-assess till then.
If I'm right it means some nice opportunities to load your bags.
Take care all and good luck!
My previous idea highlighted 0,38 area for target, but we didn't manage to break 0,33 resistance so this scenario could come true hence the re-assessment of the situation.
What is certain or almost.
- We are still in the downtrend channel (orange)
- We are probably going to retest yellow downtrend line
Assumption and speculation
- Bottom and final retest at 0,13 making a HL (on higher TF) which could confirm start of uptrend (White channel) - Level confirmed if my Fib correctly set. Double bottom is also possible.
- Target in about a year time 0,50ish.
- Cup and Handle then? Well, plenty of time to re-assess till then.
If I'm right it means some nice opportunities to load your bags.
Take care all and good luck!
