The expectation from the price movement in this chart is that it will complete the corrective movement it has started. However, since it appears that a pattern of settlement needs to be completed at the peak and selling should take place at the peak, it seems that the price could drop to the range of $0.11 in the first phase of the correction, and then from there, an upward trend could begin, potentially bringing the price to around $0.454. If such a scenario, illustrated in the chart, occurs, further analyses based on this chart will be provided in the future. I would be very happy to receive your constructive comments below this analysis. I hope you enjoy this analysis.
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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.