I shared my detailed EW counting before, and I want to share it again now. Based on my counting, the 5th wave is completed and we are in the big ABC correction. Completing the 5th wave here completes the B wave (red b) and we are going to see the C wave to the downside. Still, I'm not sure about the accuracy of this counting, but it makes sense to me. It's still too soon to talk about trend reversal, but it's good to have different scenarios for your future moves.
We see divergence both in RSI and OBV. Also, RSI broke the bullish trendline to the downside which is another sign of weakness.
We see divergence both in RSI and OBV. Also, RSI broke the bullish trendline to the downside which is another sign of weakness.
Mr. CryptoTracker
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Mr. CryptoTracker
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.