Disclaimer: This is a Zuper Bull analysis. Rest assured that I'd shout 'Bears!' when I see one -- but not today.
On the Minor Cycle, a corrective Wave 4 is underway. Currently playing out as a 'bullish flag' pattern with a strong support line ($0.045) at the 38.2% fib retracement (of Wave 3's).
On the Intermediate Cycle (4H Chart), we are on an Impulse Wave 3 underway, with a target price of $0.0642.
At today's prices, that's a whopping 25% flip, especially if one dares to don the red fancy pants of the Matador and flirt with the Bulls.
A good entry point will be during this consolidation phase, if we can call it so.
Before I break for the festive holidays, I part with a slight hint of concern that however bullish as one may be, a break below 38.2% support is a point of concern.
Till then, stay safe friends!
On the Minor Cycle, a corrective Wave 4 is underway. Currently playing out as a 'bullish flag' pattern with a strong support line ($0.045) at the 38.2% fib retracement (of Wave 3's).
On the Intermediate Cycle (4H Chart), we are on an Impulse Wave 3 underway, with a target price of $0.0642.
At today's prices, that's a whopping 25% flip, especially if one dares to don the red fancy pants of the Matador and flirt with the Bulls.
A good entry point will be during this consolidation phase, if we can call it so.
Before I break for the festive holidays, I part with a slight hint of concern that however bullish as one may be, a break below 38.2% support is a point of concern.
Till then, stay safe friends!
Comment:
Quick update: We see profit takers taking profits almost everywhere, which is au naturale. I'd recommend you do too, but for the Zuper Ztrong hodlers, ain't no dip gonna bother you, yea? =D
