CHEEMS ANALYSIS (1D)The correction of this asset has started from the point we marked as "start" on the chart.
It appears to be an ABC correction or a more complex pattern.
It seems that this correction is forming a Flat, and we are currently in wave B of this Flat. Wave B itself is a Diametric, and we are now in wave e of it.
The expected price action of this coin is illustrated on the chart.
The closure of a daily candle above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
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