Link-The beginning of the uptrend in wave 3
As the daily chart shows the price is in the uptrend and in wave iii, which the targets of this uptrend is in the ranges of $ 85 to $ 100 (In the short term).
In the sub-waves of wave 5 from point iii, wave 4 has ended in the range of $ 21, and then, by referring to the 240-minute chart, we can consider the first formed wave as a Leading Diagonal. And its corrective movement has been completed in the range of 23.75, in continuation, the upward trend has started in wave 3, which can be extended up to the target of $ 58.
In the sub-waves of wave 5 from point iii, wave 4 has ended in the range of $ 21, and then, by referring to the 240-minute chart, we can consider the first formed wave as a Leading Diagonal. And its corrective movement has been completed in the range of 23.75, in continuation, the upward trend has started in wave 3, which can be extended up to the target of $ 58.
Related publications
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.