Considering the strength and slope of price growth from $16,500 to $24,000, we are probably in an impulse structure.
But we cannot comment with certainty about the status of this pulse wave. So this impulse structure is either wave 1 of a larger five-wave structure, or wave A of a zigzag correction.
So, according to these two scenarios, we can expect the possible ranges of price movement in the next four to six months, as shown in the chart.
But we cannot comment with certainty about the status of this pulse wave. So this impulse structure is either wave 1 of a larger five-wave structure, or wave A of a zigzag correction.
So, according to these two scenarios, we can expect the possible ranges of price movement in the next four to six months, as shown in the chart.
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