As we see, we are in a downtrend and have formed somewhat complex five-wave structures. After forming the fourth corrective wave, the fifth wave also began with five waves in a WXYXZ. After completing the corrective wave X following wave Y of the fifth impulse wave, the price is now retesting the bearish order block of the corrective wave X. We have confirmation of a head and left shoulder, and now it's forming the right shoulder to test the $9.50 After this the price will continue to decline to complete wave Z. I believe the price will retest the bullish order block at the $8 level. Don't rely solely on technical analysis; you should also analyze fundamentals because the cryptocurrency market experiences constant volatility. Trade safely. Love you all.
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.