Note: I'm new here, and this is my first published idea, so thoughts on the below much appreciated!
Larger overall correction cycle (purple ABC) still in play. We have a triangle (blue) closing in on the tip, leaving not much space to play with before a breakout. I think we're around the completion of wave 3 within the larger wave B.
From there, we have two options for wave 4 - either fairly horizontal to stay in the triangle, or possibly higher with a temporary breakout. Either way, wave 5 ends around the same. If the minor resistance line at ~0.00026 is at all right, that could be around the bottom for wave 5, giving us a buy zone.
Once we bounce off of wave 5, we can either move into a correction of our bearish trend (3 waves ABC), or a new bullish trend (an extra 2 waves beyond that). Depending on what happens / what you believe, sell zones could be ~0.00035 (34.6%) or ~.00038 (46.2%).
Larger overall correction cycle (purple ABC) still in play. We have a triangle (blue) closing in on the tip, leaving not much space to play with before a breakout. I think we're around the completion of wave 3 within the larger wave B.
From there, we have two options for wave 4 - either fairly horizontal to stay in the triangle, or possibly higher with a temporary breakout. Either way, wave 5 ends around the same. If the minor resistance line at ~0.00026 is at all right, that could be around the bottom for wave 5, giving us a buy zone.
Once we bounce off of wave 5, we can either move into a correction of our bearish trend (3 waves ABC), or a new bullish trend (an extra 2 waves beyond that). Depending on what happens / what you believe, sell zones could be ~0.00035 (34.6%) or ~.00038 (46.2%).