A for ABC
Updated
It's been an epic ride for both ABC and SV. I'm not here to pick sides, but I think both parties are tired, needs a correction to at least 0.5@158 or deeper to the golden pocket 0.65@%133 before another epic move to the trend resistance (0.618@$420) before another big dump. Be ready for another move!
Trade active
Update from last analysis:
We didn't get the confirmation we want after that huge shooting star candle, but...
make no mistake, we barely retrace to 0.382 ($174), which is only wave A.
Now we're in a continuation pattern (symmetrical triangle, wave B) that could break to either side.
Considering BCH also rely on BTC's movement, I'm leaning more to the downside, which mark wave C.
Please proceed with caution!
Trade active
Almost there, start buying for long target (C).Trade active
There we go
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.