Waiting for wave 5 inside a "bullish" falling wedge.
"Resistance" looks like "support" now.
We could "fall lower" to 61k but we seem to be forming a "higher low".
Important support/resistance 61k , 41.3k , 36.6k, 29.2k
I've added two channels from recent price action.
In case of breakout from the wedge the first stop could be the "top" of the channel at first "resistance" 41.3k, x marks the spot.
"Resistance" looks like "support" now.
We could "fall lower" to 61k but we seem to be forming a "higher low".
Important support/resistance 61k , 41.3k , 36.6k, 29.2k
I've added two channels from recent price action.
In case of breakout from the wedge the first stop could be the "top" of the channel at first "resistance" 41.3k, x marks the spot.
Note
Note
Some wave structuresNote
Note
Daily closed below 0.618 , good accumulation zone is 56.5 53.3 for final wave to +70k before bigger correctionNote
Clean viewNote
This aged well
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Related publications
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.