$LINK
The price is advancing toward the next major resistance areas while the larger structure remains part of the broad sideways range that has been in effect since the 2021 peak.
Main Scenario: The white scenario follows a larger 1-2 structure, with the potential June low possibly completing wave 2. The advance of 5 waves from that low supports the possibility of a further rally toward wave 3, as long as the price stays above $6.99.
The price is advancing toward the next major resistance areas while the larger structure remains part of the broad sideways range that has been in effect since the 2021 peak.
Main Scenario: The white scenario follows a larger 1-2 structure, with the potential June low possibly completing wave 2. The advance of 5 waves from that low supports the possibility of a further rally toward wave 3, as long as the price stays above $6.99.
