Binance coin with another 50% or more coming?
I am just publishing this to watch it play out. I am not in this trade at this time.
It seems to me that we have one more wave up to complete the count. Volume has continued to increase and there isn't bearish divergence just yet on the weekly. Speaking of volume, the supply volume on the drop in the current blue TR was low, followed by much stronger demand volume on the bounce. That seems much more likely to make the drop a Spring rather than a SOW which would make this re-accumulation rather than distribution. Weekly Stoch RSI is also just leaving oversold. So, it seems that we might have a finishing move up before a larger correction. I'm looking for price to target the R4/R5 pivot area, but am open to seeing this final wave over-extend and head even higher.
It seems to me that we have one more wave up to complete the count. Volume has continued to increase and there isn't bearish divergence just yet on the weekly. Speaking of volume, the supply volume on the drop in the current blue TR was low, followed by much stronger demand volume on the bounce. That seems much more likely to make the drop a Spring rather than a SOW which would make this re-accumulation rather than distribution. Weekly Stoch RSI is also just leaving oversold. So, it seems that we might have a finishing move up before a larger correction. I'm looking for price to target the R4/R5 pivot area, but am open to seeing this final wave over-extend and head even higher.