#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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.