We clearly see the continuity of the downtrend initiated since February 2023. This downward trend occurs in 5 stages, and from the graph we clearly see that waves 4 and 5 are missing.
Wave 5 clearly corresponds to the filling of the market imbalance and the area of supply and demand.
I see a potential rise in the short to medium term which will bring the price back to the level of 0.1080 (demand zone) then a bearish continuity to the 0.0645 zone for a first objective then the 0.055 zone in a second step.
Disclaimer : This information contained on my profile is provided solely as general market information for educational and entertainment purposes, and does not constitute investment advice.
Wave 5 clearly corresponds to the filling of the market imbalance and the area of supply and demand.
I see a potential rise in the short to medium term which will bring the price back to the level of 0.1080 (demand zone) then a bearish continuity to the 0.0645 zone for a first objective then the 0.055 zone in a second step.
Disclaimer : This information contained on my profile is provided solely as general market information for educational and entertainment purposes, and does not constitute investment advice.