since it doesn't have a clear motive wave since the development of the price...this scenario might suggest a current development of higher degree impulsive wave which the price now can explode at any time to make its wave 3.
breaking the support line might weaken this view.
good luck
Trade active
nice, the price keep coiling, this might indicate that the traingel pattern is still valid as in wave y, last wave...time will tell sooner or later.
good luck
Note
after recent dip, the traingel might be bigger in the shape also you need to notice the trading volumes, it must be diminishing to be good indication for traingel formation on progress until the price breakout....anyway dipping below 50 level again might start weaken the traingel pattern.
Note
*150 levelTrade active
look at this chart, it compares BSV to DASH price movement which are almost are similar in corrective patterns, DASH is moving a head in term of price pattern where after completing the triangle in wave Y it explode to the upper side exceeding the former top at 104, similarly we are expecting same scenario for BSV and hopefully to exceed former top at 258 level.
good luck
Trade active
hey traders,
keep an eye of the key to targets level...it might open the gate for sky rocket move
good luck
@thonayan99
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@thonayan99
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.