The overnight growth in NOT has slightly confused the cards and gives an alternative scenario. But we still plan to buy the asset before a big move. And to buy today.

The break of the four-hour TF on#NOTfrom descending to ascending occurred at night, when the chart was not being worked on. As a result, no purchase was made at that moment.

Yesterday's main scenario, let us recall, assumed a rebound in wave B and then an update of the local low in wave C. The rebound is visible, but the assumption was that the rebound would happen earlier and the update of the low by the current time would already have happened or the price would be close to it. And the price is at local highs.

Therefore, the wave pattern with the renewal of the low in wave C does not yet match the signal from the trend reversal indicator according to DeMark on the daily TF. We wrote that we are expecting a reversal on August 19-20. More often, after this signal, the renewal of the low (within the short-term or even medium-term trend) does not happen.

It is this reversal signal that makes us consider an alternative scenario, in which the ABC correction has already taken place and took place within the framework of August 19. And then the entire growth movement since yesterday is already a five-wave structure. And there will be no update of the low of $0.01035.

What is particularly disconcerting is that within the key third wave, the global downward trend since June 4 was not broken. And the hourly and two-hour TF are already giving a signal for correction.

The potential impulse of the fifth wave may be insufficient for a true breakout. Especially since in the third wave the price hit EMA 50 of the four-hour TF and EMA 200 of the hourly TF. A squeeze higher is likely, but after today we still expect to see a correction. And the entry point is more profitable than the current ones.

Bottom line - we're still waiting. We expect a correction in both scenarios, but the question is its depth and ability to update the local level.

MOST LIKELY a spot deal from the current to a horizon of several weeks or longer is ALREADY a good option. Within a day, most likely, we are talking about a difference in entry of several percent. The risks that some general market dump will occur and the price will go below $ 0.01000 are small.

There is a sporting interest in seeing the best entry point within the framework of working out your idea.