The fundamentals of an Elliot Wave are respected, therefore if we are past the Wave 4 and moving into Wave 5 we could (i) hit wave A in 1.618 fib level at 56k and drop or (ii) the many predictions at 64k / 65k where the principle of Wave 5 = Wave 1.
MACD, Stoch, RSI already shown signs of reversal from the bottom.
MACD, Stoch, RSI already shown signs of reversal from the bottom.
Note
There is noticeable micro waves at the start of Wave 5. We also managed to line the green candles along the Wave 5. However, candles will not stick to the prediction most of the time. Expect the candle to drop below Wave 5 but cruising along with it.
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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.