Long opportunity on weekly
Nice example of market drying out of investor interest and demand finally coming on heavy volume, marking the typical first wave of Elliot Wave Principle. Second wave look good as well and has ending diagonal in C. We are still close to the support level at $12, so we can setup SL slightly below, getting decent risk to reward.
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.