Daily cycle is expected to be bullish, bullish cycles usually peak later in the cycle. Daily cycle low is expected around May 29. Bullish price target depending on strength will be a high of $2.10-2.30 and cycle low of $2.00-$2.20
If this cycle turns bearish, bearish cycles typically peak sooner with a longer decline.
We have been seeing very volatile price action lately, this chart is for reference only to gauge the strength of the cycle not an exact prediction.
Green line is strong bullish
Orange line is bullish
Red line is bearish
If this cycle turns bearish, bearish cycles typically peak sooner with a longer decline.
We have been seeing very volatile price action lately, this chart is for reference only to gauge the strength of the cycle not an exact prediction.
Green line is strong bullish
Orange line is bullish
Red line is bearish
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