This is an interesting option to outline the current structure
From the ATH we may assume a large three-wave correction unfolding in the form of a simple zigzag
Where wave A - is a diagonal
Currently we are in the wave 4 of the larger wave C of the zigzag.
Unfortunately for many crypto maniacs this pair is going to go lower. No need to guess at this point of time, the structure will complete the last wave to the downside and then I will update the layout.
This is not a trading recommendation, this is how I see the structure.
For me this is still bearish, at least for the next 3-6 months
From the ATH we may assume a large three-wave correction unfolding in the form of a simple zigzag
Where wave A - is a diagonal
Currently we are in the wave 4 of the larger wave C of the zigzag.
Unfortunately for many crypto maniacs this pair is going to go lower. No need to guess at this point of time, the structure will complete the last wave to the downside and then I will update the layout.
This is not a trading recommendation, this is how I see the structure.
For me this is still bearish, at least for the next 3-6 months