The previous analysis of retracements says YES.
Previous retracements was -79% and -70% , and in extremely high gains, extreme pullabacks are to be expected and are normal.
The major trendline is intact and will still be intact even with a 70% correction.
Higher highs and higher lows will be intact also.
Since volume is not increasing on the downside, that is a good sign.
I believe the next major volume peak will be near the price of $1.
Price can consolidate in the range 0.33-0.6 for a couple of months before making a new all-time high.
Previous retracements was -79% and -70% , and in extremely high gains, extreme pullabacks are to be expected and are normal.
The major trendline is intact and will still be intact even with a 70% correction.
Higher highs and higher lows will be intact also.
Since volume is not increasing on the downside, that is a good sign.
I believe the next major volume peak will be near the price of $1.
Price can consolidate in the range 0.33-0.6 for a couple of months before making a new all-time high.
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