I trace the trends movements with Elliott Waves. I think that this is not a trend reversal but it is a Corrective waves (Into a complex Bear Pennant). The pole flag it is rappresented from the last intensive moviment of the recent downtrend. I think that the price will go down around 6,2-6,7k USD.
This analysis is a continuation of the previous ones
This analysis is a continuation of the previous ones
Trade active
Bull TrapTrade closed: target reached
Close at: 6770
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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.