Please be noted that the target of $ 13 is a long-term price movement
In the daily chart, Corrective Wave of 2 has been completed in the range of 0.1700, and the price is forming the first uptrend in Wave 3.
( Daily Chart )
In the 240- minute chart, after monitoring the details, the first ascending wave has been completed in the range of 0.3721 and the retracement has been completed in the range of 0.2608 with a truncated C wave, and is currently completing wave 3.
Notes:
First: The first confirmation to change the price trend is the range of 0.3835, which is probably happens in this uptrend.
Second: To get the confirmation for changes to the main trend, the price must cross the range of 0.6813, which is the end of wave B. In this case, hopefully, we can expect $ 13 target price.
Third: If the price crosses the range of 0.2608, the downtrend can be extended up to the range of 0.15. This range is equal to 1,618 Fibonacci ratios of the Wave A from point 2, which is an important price range.
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