#BCN after that pump to 2220 sats, got dumped hard and went into correction phase.
Correction we see here is a ABC Zig-Zag.
Wave a retraced to 61.8fib
Wave b retraced to 38.2fib of Wave a
Wave c was a 0.618fib ext of Wave a, coinciding with the 78.6fib support.
After that ABC correction, we saw a spike if 35% till the 61.8fib region.
RSI is below 50 and stoch is also curving down.
In the 4H t-f:
Double top is in formation with critical support at 810.
View is till bearish, after that X move till the 61.8 fib resistance, we can expect another correction pattern (possibly a triangle)
thus forming a double three correction combination.
Re-entry can be confirmed only after we see trend reversal patterns in price action.
Correction we see here is a ABC Zig-Zag.
Wave a retraced to 61.8fib
Wave b retraced to 38.2fib of Wave a
Wave c was a 0.618fib ext of Wave a, coinciding with the 78.6fib support.
After that ABC correction, we saw a spike if 35% till the 61.8fib region.
RSI is below 50 and stoch is also curving down.
In the 4H t-f:
Double top is in formation with critical support at 810.
View is till bearish, after that X move till the 61.8 fib resistance, we can expect another correction pattern (possibly a triangle)
thus forming a double three correction combination.
Re-entry can be confirmed only after we see trend reversal patterns in price action.
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