Possible end of correction and wave 5 is coming
To me it seems that wave 4 is finishing up (around 0.015500) and then we should be heading back up to around 0.035000, before we see ABC correction again.
Trade active
We may find support at the purple line when price goes down. If we brake through 0,017000 we will have very strong support at yellow line (0.015500).
Order cancelled
Wave 5 continuation obviously cancelled. 0.012500-0.013500 seems good stopping point for current downtrend and good place to enter again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.