RSI 72 is a key level on the 6 hr.
I also believe we are in a very large Wave 2, 10 K will act as final entry point for our wave 3 taking us to 30K USD before summer. Wave 4 come down to 20K and Wave 5, minimum 50K
The elliot wave chart
I also believe we are in a very large Wave 2, 10 K will act as final entry point for our wave 3 taking us to 30K USD before summer. Wave 4 come down to 20K and Wave 5, minimum 50K
The elliot wave chart
Trade active
Broke the local downtrend & 0.5 fib
Note
Seeing delayed continuation of similarity to not so distant future price action.
Rising wedge has formed and is near breaking out on the downside which it is predominantly known for doing.
Note
Closer view and alternate scenario using pink arrows
Note
I changed to 4hr chart thats why the UO trend lines don't line up as they did on the 6 hrTrade closed manually
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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.