Price is currently sitting on the ma200 acting as support, it is also in the flip zone where price had a multiple reactions. 5 wave count marking the start from the lowest low, it is now down by 45% from the last swing high. MA100 + bullish OB on the breakout of wave3 fails to hold as support and in turn become a breaker/resistance when price made a turn upwards. Connected swing lows to form the trendline support. Possible scenarios would be:
1. Inducement taken out around 0.37, fill small gaps & mitigate demand zone of wave 4.
2. Raid wave 4 lows, fill gaps and mitigate demand zone of wave 2.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.