This chart represents a possible Elliott Wave analysis with five
Key Points:
Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start.
Support Level: The price is currently testing a key support level. Holding this level could push the price upward.
Target: The next strong resistance is expected between 0.8451 – 0.8877, aligning with Fibonacci retracement levels.
Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5.
Conclusion:
If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.
Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start.
Support Level: The price is currently testing a key support level. Holding this level could push the price upward.
Target: The next strong resistance is expected between 0.8451 – 0.8877, aligning with Fibonacci retracement levels.
Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5.
Conclusion:
If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.
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.