DASHBTC Watch for Eliot Wave Formation.
Updated
With the move of the first wave we see a decrease in volume. the indicator MACD showing oversold and the candles coming down to the Bollinger Bands Moving Average. I would expect the carts to trend down and then we should have a point of hope at A, Point of reality at B and a possible retrace to C, for a consolidation. Consolidation expected at support level of 50.0 Fibonacci line. Thanks for reading hoping to see your comments and thoughts in the comments.
Note
0.08544035 seams to be the roofing of the consolidation which should be confirmed by more candles to set the channel that would propose a breakout to the Upside or downside if broken.Note
Eliot wave and correction completed but needs some work on the time frame of said movement.Support line held nicely.
Final hoddlers gave up, now expecting consolidation or a break to the next resistance at 9 mill sats.
Trade closed: target reached
Consolidating. Waiting for next buy opportunity
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