PERPUSDT impulse or triangle into 400%
On the higher time frame, we have failed to go back into the range value from May 2022 to Jan 2024
On the medium time frame, we have entered into the range value of from Jan 2024 to April 2024. This attracts a rotation to its value POC or VAH. The said range can also be said as an ABC correction and we are ready for a wave 3 impulse.
Currently we have the range's VAL as a support which currently, a wave 3 impulse is more probable. If we lose the VAL as a support we will be looking forward to see the 5 wave triangle.
However, I am looking forward to the higher time frame trade.
On the PERPBTC chart we have made an actual spring, confirming we are ready to rotate from the range value
This is a long opportunity for both short and long term trade.
One and only invalidation is having 0.98 back as a resistance
Bullish triangle must have its subwave 4 on 0.98 as a support
On the medium time frame, we have entered into the range value of from Jan 2024 to April 2024. This attracts a rotation to its value POC or VAH. The said range can also be said as an ABC correction and we are ready for a wave 3 impulse.
Currently we have the range's VAL as a support which currently, a wave 3 impulse is more probable. If we lose the VAL as a support we will be looking forward to see the 5 wave triangle.
However, I am looking forward to the higher time frame trade.
On the PERPBTC chart we have made an actual spring, confirming we are ready to rotate from the range value
This is a long opportunity for both short and long term trade.
One and only invalidation is having 0.98 back as a resistance
Bullish triangle must have its subwave 4 on 0.98 as a support
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