Using Fibonacci Retracement and Elliott Waves the first Support Zone is at 4200 satoshi. Wave 2 may reach the main Support Zone at around 3800 satoshi and the 0,5 Fib Level touching the Bullish Trend Line. Target of Wave 3 is @6600 satoshi and Fib 1,618 convenient with the Pitchfork.
Note
Currently Forming a Handle. Support Zone 1 is still holding and may reach the Bullish Trend Line for Take Off.Note
still waiting for wave 3 target (orange)
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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.