My statement stays the same as mentioned in the previous analysis. In fact, we anticipated the current formed waves precisely. Make sure to check it out in Related Ideas section.
I believe now we are on wave B of the overall (possible) correction pattern. Therefore, I'm expecting a complementary corrective wave C. Of course, we are going to test the previous support again (where wave A ended). However, If it won't hold, we can expect a fall to 0.5 and 0.618(golden ratio) levels of .
First Buy Zone:
0.70 - 0.71
Second Buy Zone :
0.65 - 0.66
Few arguments regarding wave B / Why we are NOT done with correction YET!
- Wave A only retraced to low fib level of 0.382. Moreover, It's hard to count three waves as instead of only A. (inside A)
- RSI hitting the resistance line, where it's possible to bounce down from it again.
- Slight divergence on the histogram.
Let me know your thought in the comments!