Growing PainsHigh Chances of a reversal soon off the 1:0.618 window.
The falling star through the 0.618 signals the clue.
The market is currently shaking out weak hands; But according to the trend based Fib tool, the time may be closing in soon for a rally.
When the rally up begins, I do believe there is a high possibility that we break through our previous high. Main reasons due to the evolution of crypto and increased market participation.
This TA doesn't suggest that a trip to the 0.786 overshoot doesn't apply, but I think the chances of that happening are unlikely, but never impossible.
- Not Financial Advice -