After going back to recent dates, I noticed the existence of an impulse wave and then a corrective wave (the momentum at that time was strongly bullish), and accordingly we cannot enter buy unless in a case like the one that happened yesterday, which is the end of the corrective wave to hit the target of the previous top and then 127 Fibonacci.
We don’t know if this pattern is a preparation for the last bullish wave, or if it took the B wave from the biggest correction in one day.
So we have two scenarios:
If the currency RVN reaches a level of 0.087 and corrects and breaks strongly, this rise will be to a level 0.178 to complete the B wave.
Or we will record a final drop to break the previous bottom before rising and completing the larger corrective pattern (of a max 0.178 to 0.180).
We will monitor closely and update this analysis.
After going back to recent dates, I noticed the existence of an impulse wave and then a corrective wave (the momentum at that time was strongly
bullish ), and accordingly we cannot enter buy unless in a case like the one that happened yesterday, which is the end of the corrective wave to hit the target of the previous top and then 127 Fibonacci.
We don’t know if this pattern is a preparation for the last
bullish wave, or if it took the B wave from the biggest correction in one day.
So we have two scenarios:
If the currency RVN reaches a level of 0.087 and corrects and breaks strongly, this rise will be to a level 0.178 to complete the B wave.
Or we will record a final drop to break the previous bottom before rising and completing the larger corrective pattern (of a max 0.178 to 0.180).
We will monitor closely and update this analysis.
