Perfect conditions for a possible impulsive wave 3' to start soon:
1/3= 50%; 3/5= 38%
2'/1'= 62%
2' just went into the price range of the preceding minor 4.
Strong resistance line is touched.
RSI ok, chart pattern ok, down movement running out of fuel.
If 3'/1' is 260%, which is likely regarding the energy of wave 1',
the price target of wave 3' is indicated and might be reached in few weeks.
This price would roughly correspond to 17 $ (actual price 3,5 $).
This setting just seems to good to be true.
1/3= 50%; 3/5= 38%
2'/1'= 62%
2' just went into the price range of the preceding minor 4.
Strong resistance line is touched.
RSI ok, chart pattern ok, down movement running out of fuel.
If 3'/1' is 260%, which is likely regarding the energy of wave 1',
the price target of wave 3' is indicated and might be reached in few weeks.
This price would roughly correspond to 17 $ (actual price 3,5 $).
This setting just seems to good to be true.