If you look at the daily chart, it is clear that wave 4 is complete.
On 21 July last 'door up' was opened with 'twin cb1'
At this time the price has hit the TP2 fibo level (+-40%) by forming a bearish hidden divergence.
There is likely to be a decrease in the following areas;
First: TP1 Zone (36008.40 - 35070.44)
or
Second: EL Zone (32428.40 - 32091.88)
*A decrease in BTC will also have an effect on most altcoins.
On 21 July last 'door up' was opened with 'twin cb1'
At this time the price has hit the TP2 fibo level (+-40%) by forming a bearish hidden divergence.
There is likely to be a decrease in the following areas;
First: TP1 Zone (36008.40 - 35070.44)
or
Second: EL Zone (32428.40 - 32091.88)
*A decrease in BTC will also have an effect on most altcoins.
Trade active
The indicator shows that convergence has been formed and the price has breakout and closed above swap zone.This indicates that the price will go to the next TP zone (TP3).
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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.
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.