Bearish continuation
Updated
Chart description:
Assuming the low is in and we finished wave 1.
Short/mid-term setup:
- Flat structure, currently in wave C.
- Although wave B did not touch the 1.23fib. It looks expanded because of the leading diagonal is invalid.
- Multiple 1-2 setup.
- Target box laid out in chart. Golden pocket ratio at $0.64.
- As price action progresses we can set clearer targets for short-term bullish/bearish scenario’s.
Assuming the low is in and we finished wave 1.
Short/mid-term setup:
- Flat structure, currently in wave C.
- Although wave B did not touch the 1.23fib. It looks expanded because of the leading diagonal is invalid.
- Multiple 1-2 setup.
- Target box laid out in chart. Golden pocket ratio at $0.64.
- As price action progresses we can set clearer targets for short-term bullish/bearish scenario’s.
Note
Main scenario: wave 4 minuscule for a flat structure. Invalidation level at $0.8922 (0.618fib retracement).Note
Reassessed labeling. Potentially multiple 1-2 setups!Note
Considering Bitcoin's uncertainty another perspective for MINA - expanding diagonal. If BTC moves impulsively down, I expect more downside for MINA.Note
Wave B retracement in my previous chart is i.m.o. to shallow, which makes me consider alternatives.Note
Update on Bitcoin_v0.1. Next move bitcoin could give us much more information on its trajectory. Expecting a wave C (5 waves).Note
Another attempt at shedding some light on MINA's price trajectory. Binance doensn't cover MINA's full history, Labelled it as rare WXYXZ prior to its move upward. This move is either a wave 1 (part a potential leading diagonal [3w up/3w down]) or a wave A. 
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