Despite facing resistance, the strength of the daily candle is bullish. USTC has confirmed a strong bullish divergence along with a huge volume push. It also retested an important Fibonacci level on the lower time frames and we are about to break the 200 EMA. All these signals are indicating potential for upward movement. Wave 1 is going to 0.045 and wave 3 has a target of 0.095.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.