ZagrosTraiding

ZagrosTraiding

According to Elliott Wave Theory, bitcoin is in an "irregular flat" correction, the C-wave of which is being completed. In terms of price action, however, we have a significant support in the $ 40,000 area, the loss of which is the activation of the head-shoulder pattern trigger. This model has the potential to drop in price to $ 29,000.

ZagrosTraiding

Gold is developing a triangular pattern after completing an X wave . Wave (E) of this triangle appear to be completing. After the end of wave C, we expect the ascending momentum to start. The desired ranges for wave completion are specified in the diagram.