The drop looks like 5 waves, assuming its the first leg of a larger ABC. So expecting a 3-wave B wave bounce to 0.5Fib to 0.618Fib (blue box)
Reasons for assuming 5 waves
1) Wave2 deep while wave is sideways and shallow
2) Wave4 rejected at channel bottom
Assuming 5th wave done with the bullish divergence on the RSI (blue line)
Next steps:
The move to 43k+ should be in 3-waves for this chart idea to be valid
200DMA is expected to offer resistance
Reasons for assuming 5 waves
1) Wave2 deep while wave is sideways and shallow
2) Wave4 rejected at channel bottom
Assuming 5th wave done with the bullish divergence on the RSI (blue line)
Next steps:
The move to 43k+ should be in 3-waves for this chart idea to be valid
200DMA is expected to offer resistance
Follow me for more updates
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twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。