Growth is possible.

On the daily chart, a correction of the higher level formed as the wave B, and the upward wave C started, within which the first wave (1) of C forms. Now, the third wave of the lower level 3 of (1) of C is developing, within which the wave v of 3 is forming. If the assumption is correct, the asset will grow to the area of 95.50–102.50. In this scenario, critical stop loss level is 76.67.

Main scenario

Long positions will become relevant above the level of 76.67 with the targets at 95.50–102.50. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 76.67 will let the asset go down to the area of 67.35–57.10.