MUBARAKUSDT Analysis by @pipsnipers

The analysis focuses on MUBARAKUSD, noting a five-wave move to the downside concluding at the 61.8% Fibonacci retracement level. The analyst sees a potential impulsive move upwards if the price breaks above the 0.06 to 0.064 range, targeting 0.097. Alternatively, it suggests a possible C wave down to lower retracements, forming a Wyckoff accumulation range before a potential move upwards. The worst-case scenario is a complete ABC correction, with a potential for a wave five down if the price moves below two specific support levels. The analysis considers both bullish and bearish possibilities, stressing the importance of price action above or below key levels to confirm the direction. There are possible higher price action if the trend continue, with an extension up to 0.11.