Crypto Market Is Getting Ready For A Bullish Continuation
Crypto market is clearly bullish from Elliott wave perspective.
After a completed A-B-C correction back in June, we have seen nice and clean five-wave recovery, which from Elliott wave perspective indicates for more upside, ideally as part of higher degree five-wave bullish impulse. However of course, nothing goes in straight lines, so after every five waves, there's a three-wave a-b-c correction before the uptrend resumes, which can be now underway or maybe even approaching the end. First support we see here around 1.12T - 1.10T area, while second support would be around 1.05T area if correction will be more complex and deeper.
Crypto market is bullish as long as it's above 1T invalidation area.
After a completed A-B-C correction back in June, we have seen nice and clean five-wave recovery, which from Elliott wave perspective indicates for more upside, ideally as part of higher degree five-wave bullish impulse. However of course, nothing goes in straight lines, so after every five waves, there's a three-wave a-b-c correction before the uptrend resumes, which can be now underway or maybe even approaching the end. First support we see here around 1.12T - 1.10T area, while second support would be around 1.05T area if correction will be more complex and deeper.
Crypto market is bullish as long as it's above 1T invalidation area.
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