We are moving closer to the expected bottom of 3rd harmonic (13M) of the major 40M wave.
Although we have seen some bounce, we seem to have already broken Valid Trend Line for a short 5W and 10W waves, the VTL of longer bands like 20W and 40W wave have not been broken yet. We will be looking forward to have both 20W and 40W Valid Trend Lines broken - the confirmation that the bottom of those two waves have passed.
That will let us assume that the major 13M/40M bottom is already behind.
Our target price is 11-13k USD coming 10th of August.
Although we have seen some bounce, we seem to have already broken Valid Trend Line for a short 5W and 10W waves, the VTL of longer bands like 20W and 40W wave have not been broken yet. We will be looking forward to have both 20W and 40W Valid Trend Lines broken - the confirmation that the bottom of those two waves have passed.
That will let us assume that the major 13M/40M bottom is already behind.
Our target price is 11-13k USD coming 10th of August.