Daily wave counting looks exactly like Bulkowski Ending Diagonal Triangle Elliott Wave Pattern.
This pattern analysis is not a completed.
thepatternsite.com/EWDiagTriangle.html
I'm expecting a throw over so a potential short should be between ~76k and ~70k.
I know that this is a pretty large range but those are the levels where we should watch for bearish signs like Volume Spikes, bearish divergences on daily and lower time frames.
Till then I'm expecting sideways up price action.
RSI on weekly could be forming a new bearish divergence.
Will update this analysis as we go up.
Trade active
Expecting some support between ~45 and ~50k
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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.