farzin_sal

farzin_sal

Is wave c of 4 forming?

farzin_sal

It is currently in an area that has both static and dynamic support. But breaking this supports must be considered as stop loss.

farzin_sal

If the trend line can still support the price, a new wave can be formed. If the trend line is broken, the drawn boundaries can be considered as the end of correction. Therefore, breaking the trend line and the support range can be considered as a stop loss.

farzin_sal

By breaking the upper line of the descending channel (blue), the middle line of the ascending channel (black) can be considered as the first TP. If breaking the midline resistance, the top line of the channel can be considered as the next TP. Leaving the channel and stabilizing the price below 0.03 can be considered as a loss limit

farzin_sal

This chart has shown good Elliott behavior so far. If it continues this behavior, in case of failure of the resistance in the range of 0.45, the next targets can be considered. Currently, the price is in the Fibonacci support range of 61.8 from the last wave and if the reversal signals of the price trend are issued, you can take a risk.

farzin_sal

If it crosses the $ 3 resistance, it can rise to $ 20. But if the bottom line support is lost and the price stabilizes below $ 1, there is a possibility of a drop to $ 0.3.

farzin_sal

It seems to be forming sub-waves of wave 1 from W 3

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Will it form wave 5?

farzin_sal

It is currently in a good support range

farzin_sal

It is possible that it will follow the specified path

farzin_sal

If the bottom line of the drawn channel can support the price, we can expect growth again, and leaving the channel and stabilizing below the specified range can be considered as a stop loss.

farzin_sal

It is currently in the support range. Stabilization below this range or exit from the channel can be considered as a stop loss.

farzin_sal

It is technically in good support range and can grow up to 200% if supported. If you take a buy position, stabilization below this range can be considered as a stop loss.

farzin_sal

I expect the price to start rising again by reaching the specified support ranges to complete sub-wave of 5 from W3.