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This placement suggests the early phase of a new impulse wave that may carry strong momentum in the near future. Navy blue wave 1 marks the beginning of this fresh upward trend. It is typically ...
Breakout from the descending triangle suggests trend reversal. Impulse wave developing, targeting key Fibonacci levels. RSI shows strong momentum, but overbought conditions could cause retracement.
The highs between $210 and $215, observed in early 2025, likely signaled the conclusion of the larger Impulse Wave (Wave V). Since then, the market has moved downward with weakening momentum.
Key resistance at $2.57, with critical support at $1.95. Elliott Wave count suggests an upcoming impulse wave. Interested in ...