Very long term (in crypto years) sweeping upwards pattern with a spike, and multiple sweeping patterns with spikes. As we have seen two higher highs and three lower lows, I believe we have a high probability that we are going up from here. Nothing is ever for sure but anything to get an edge on the market works. This could be setting up for a nice trade. Several patterns are seen.
Kommentar:
You could say we are entering the third wave of the longer term setup. Of course EW is not very clear here so I did not add it.
Kommentar:
I meant higher highs and higher lows! DOH
Kommentar:
1st target reached, now you can rest easy and have a little cush to let her run! Always keep an eye out for any reversal trend. I have a smaller interval I posted as an accessory to this one if you want to zoom in on the area.