When looking at Tether, I would not be surprised if we just keep moving up from here. In fact, you can even see an inverse head and shoulders.
However, looking at the wave structure, I get the feeling that this can be a triangle with a target of 15k. On the larger scale, a move up to 15k could be the last 5th wave - before the market collapses.
-Hawk
However, looking at the wave structure, I get the feeling that this can be a triangle with a target of 15k. On the larger scale, a move up to 15k could be the last 5th wave - before the market collapses.
-Hawk
Note
Going as planned so farNote
Wave C seems to be complete. I am expecting a move up to 15k from these levels. There is a bit of a decision point right now. Either the triangle continues forming as planned, or we make a move down to 8.5k - possibly even triggering a massive double top all the way down to 6k.
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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.