>> Note <<
• Price movement is still moving in the ascending channel
• Based on Elliott Wave Theory:
1. Assuming Wave 1 has been formed then followed by a pullback to Wave 2 and get reversal confirmation with a double bottom pattern
2. Then continue the impulsive rally to Wave 3 then enter followed by the corrective phase ABC to Wave 4
3. So, the next movement will be 5 impulsive waves leading to Wave 5
• In addition added to the positive sentiment of the Bedrock Update in Q4 2022 on the optimism network "buy on rumors sell on news"
• Price movement is still moving in the ascending channel
• Based on Elliott Wave Theory:
1. Assuming Wave 1 has been formed then followed by a pullback to Wave 2 and get reversal confirmation with a double bottom pattern
2. Then continue the impulsive rally to Wave 3 then enter followed by the corrective phase ABC to Wave 4
3. So, the next movement will be 5 impulsive waves leading to Wave 5
• In addition added to the positive sentiment of the Bedrock Update in Q4 2022 on the optimism network "buy on rumors sell on news"