The Long Investor
patreon
$XYZ
🕑 Added 2025-03-11 12:47:57 +0000 UTC$XYZ is incredibly back in the BUY ZONE again, this was at $98 in December and has lost nearly -50% of its value and the impulse wave has completely broken down.
I believe $XYZ is range bound now for the rest of the year at the very least
That being said, if support can hold above the bottom line at $38 and can consolidate sideways, we could be looking at another $PYPL situation before it broke out.
Right now if you are considering a position, I suggest waiting for support, a lot of sellers have offloaded here lately.
Comments
Tejas
@cap Can you explain how the trend pattern has changed from an 1-2-3-4-5 impulse wave pattern from March 3 to W-X-Y here?
Gareth Neary
Very good spot Diego....it does indeed
DiegoTheSabre17
Cap, does the 56 region look like same level as the other shoulder? H&S bottom..
DiegoTheSabre17
If it holds 38.. I might load up on this one once again
