Patience pays off (update 3)At first glance, the Nano chart looks like quite a mess. In reality if you look closely everything fits together.
For the purpose of this idea and for greater accuracy, I redrew all the most important structures and patterns. Now you can see even better how accurately the candles behave.
For example, let's take the green triangle. The part of the chart inside it, in addition to perfectly touching its edges, also forms a bearish flag. Also, the wicks of false breakouts do not appear without reason. They accurately define the edges of wedges and other patterns. In addition, if we try to determine the target of the triangle and the flag, we will see that, positioning the arrows accordingly, they indicate in turn:
- green (~$0.53): the bottom edge of the white wedge and the probable right shoulder of the inverted H&S pattern,
- fuchsia (~$0.46): the probable bottom and head of the inverted H&S pattern.
If my predictions are correct, we will see a bottom soon (later this month).
The above analysis is my personal opinion and should not be treated as financial advice.
