There has been a strong bullish trend for crypto during the first part of the year - this can be analyzed as a typical elliott wave impulsive move. This more recent counter trend looks like an ABC correction - perhaps a higher degree wave 2.
The completion of this visible gartley harmonic could indicate a good entry into a strong impulsive move, especially if this can be counted as a C wave.
Any way... in the near term - next week or two - we could see more red. But, the gartley might provide a nice entry before the higher degree wave 3 rocket takes off.
The completion of this visible gartley harmonic could indicate a good entry into a strong impulsive move, especially if this can be counted as a C wave.
Any way... in the near term - next week or two - we could see more red. But, the gartley might provide a nice entry before the higher degree wave 3 rocket takes off.
Not
There's a similar pattern near completion on Optimism/USD:
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.