Here is a chart over MUE, a mergemined coin on the X11 algo. I am bull, but also spot a bearish move COULD happen.
It looks like it is just finished a 2. wave correction, and the coming 3. wave can be substantial.
This climb won't come without volume. I expect volume to rise with the price, but price can also stay here for a while as the first two subwaves of blue 3. wave draws up, possibly like this:
Remember, I can NOT predict timeline, only probable price movements and directions.
Volume and MACD is just waiting for something to happen, I expect it is positive.
For awareness of a more bearish outcome IF price move as follows:
To invalidate the 1. and 2. blue wave price must below 1067 satoshi. This would imply stretching the green II wave in time and to a lower low.
These are just my thoughts, not a trading advice.
If you have another view on this charts your welcome to discuss and post your charts in the comments.
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