In the medium/longer term, I'm still bearish, but we need to retrace a bit after this great drop we had over the past two days. Here it looks like we are almost complete a "B" wave wedge.
If we break to the upside, then I have a solid target of around 2200CNY on huobi.
That is not only a wedge target, but also if A=C. We could spring over that if we have enough bullish momentum (which we may get as shorts will close)
Good luck all
If we break to the upside, then I have a solid target of around 2200CNY on huobi.
That is not only a wedge target, but also if A=C. We could spring over that if we have enough bullish momentum (which we may get as shorts will close)
Good luck all