$PI Wishing everyone a Happy New Year and success in the Year of the Horse🎉🎉🎉! The current market is still mainly consolidating, and the actual trend after the consolidation has already told us what to expect. The trend remains relatively strong; after the consolidation, the next target is $0.25. After the last large bullish candlestick on the daily chart, the pullback hasn't dropped much, and it's been about 3 days now. If it were to go down further, it would have done so already. As for the wave pattern, we need to wait until the previous wave completes to confirm the next wave. Currently, on the 1-hour chart, we're in Wave 4 of the rising Wave 5, and the pullback hasn't dropped into Wave 5's upward move, indicating a failed wave pattern. I also looked at the 2-hour wave pattern: Wave 1 on the 2-hour chart is from about 0.132 to 0.206, roughly 50% of the move. Now, the 2-hour chart is nearing the end of Wave 2. If Wave 3 moves upward next, the target is at least around $0.25. Patience and keep moving forward!
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GateUser-2835cf52
· 11h ago
Wishing you great wealth in the Year of the Horse 🐴
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kuanggong
· 14h ago
That makes sense, that's definitely the way to go. The duck head was drawn, now it should be the duck's beak.
$PI Wishing everyone a Happy New Year and success in the Year of the Horse🎉🎉🎉! The current market is still mainly consolidating, and the actual trend after the consolidation has already told us what to expect. The trend remains relatively strong; after the consolidation, the next target is $0.25. After the last large bullish candlestick on the daily chart, the pullback hasn't dropped much, and it's been about 3 days now. If it were to go down further, it would have done so already. As for the wave pattern, we need to wait until the previous wave completes to confirm the next wave. Currently, on the 1-hour chart, we're in Wave 4 of the rising Wave 5, and the pullback hasn't dropped into Wave 5's upward move, indicating a failed wave pattern. I also looked at the 2-hour wave pattern: Wave 1 on the 2-hour chart is from about 0.132 to 0.206, roughly 50% of the move. Now, the 2-hour chart is nearing the end of Wave 2. If Wave 3 moves upward next, the target is at least around $0.25. Patience and keep moving forward!