I expect it to turn back from here, with limited upside as this level also coincides with the .382 retractment level from this entire move for wave B. However as you can see, there is still a little room left for minimal upside.
Also, rsi/ema is turning down, and Phoenix appears to be crossing to the downside here as well.
Also, rsi/ema is turning down, and Phoenix appears to be crossing to the downside here as well.
Note
on H1, you can see we've broken the smaller channel to the upside, and provided we break R4, we could see up until about 143$usd.Note
I'm sorry, zooming out there is room until approx 145
USDNote
Looks liek we're going to get one more small push here.Note
Starting to potentially look a bit more like it is coming together here. If A=C.Note
Still have a higher target not yet reached. Ascending broadening wedge will probably target previous channel top, before completing wave 4, and continuing up to our target area.
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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.