Short: The bulls are losing
Updated
The price proceeds on the basic level of the trend channel and it seems that in this correction it is the bears who win on the bulls. Regarding Elliott wave this could mean a truncation of the 5th wave. That in fact would be in line with the still unbeaten USD 7.3k resistance and current global market difficulties. Even in the last Bull Flag the exit pole was more contained than the entry pole, in fact, a sign of weakness. The current Rialsista channel has significantly reduced the volume of prices. It does not seem to me in these conditions to be able to foresee a bull race.
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(ABC) -B DESCENDING TRIANGLE Comment
TOPIC MOMENTSComment
Taaac... Comment
1st ZIGZAGComment
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Double ZigZag.. MaybeTrade active
ABC-eWAVE-SECTION-(B-C) Set up after Zig Zag Fail:
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