We saw a beautiful breakout. The question is "Is the bear market over'?
Who knows that, but probably it is.
On macro trend we can see that this is 3. wave forming.
I think it's not finished yet.
We can see that big leading first wave diagonal formed, which means this pump is just 3. wave of big 3. wave.
I think 3. wave will finish around $5200, than we can expect retrace to at least to the 0.5 Fib (around $4700).
We can see that golden pocket is a big resistance but i think it will break through it.
MACD and RSI showing bearish divergence.
After retrace we can expect 5. wave to form.
My target for 5. wave is around 5500-5650.
I think we will found new resistance at 0.786 Fib.
If you have any question leave a comment or DM me.
Who knows that, but probably it is.
On macro trend we can see that this is 3. wave forming.
I think it's not finished yet.
We can see that big leading first wave diagonal formed, which means this pump is just 3. wave of big 3. wave.
I think 3. wave will finish around $5200, than we can expect retrace to at least to the 0.5 Fib (around $4700).
We can see that golden pocket is a big resistance but i think it will break through it.
MACD and RSI showing bearish divergence.
After retrace we can expect 5. wave to form.
My target for 5. wave is around 5500-5650.
I think we will found new resistance at 0.786 Fib.
If you have any question leave a comment or DM me.
