BTCUSDT Short (Correction Starting)

2021年8月21日

As it is visible on the chart the price has reached to a key area which has been held as support and resistance multiple times and price had reactions to it, we can also see that based on Elliot Wave the last wave looks to be completed and we are gonna see correction, as we can see the RSI is showing the bulls are exhausting too since even though in the trend we are getting higher highs but in RSI we are getting lower highs. Based on my TA I expect the price to start correction and come down to FIB level between 0.382 - 0.5 which happens to have the support of EMA50 as well.
NOT FINANCIAL ADVISE