The price chart of TELUSDT caught my attention.
From the high in May of 2021 the price chart take the shape of a combination which are contained within parallel lines.
One fascinating thing is that the wave W and Y tends toward equality with the actual low in February, 2022.
From technical point of view, what acted as a previous resistance in February of 2021, acted as a support in April of 2021 and now as Support in February of 2022.
If this interpretation is correct, the correction should be more than fully retraced and should take price to a new All Time High (ATH)
Do your own research and manage risk accordingly.
Trade Safe
From the high in May of 2021 the price chart take the shape of a combination which are contained within parallel lines.
One fascinating thing is that the wave W and Y tends toward equality with the actual low in February, 2022.
From technical point of view, what acted as a previous resistance in February of 2021, acted as a support in April of 2021 and now as Support in February of 2022.
If this interpretation is correct, the correction should be more than fully retraced and should take price to a new All Time High (ATH)
Do your own research and manage risk accordingly.
Trade Safe