Well its a Crucial Point
There are both bullish and bearish Scenario !
Firstly, It is a falling wedge pattern with 3 wave of Eliot
it can form the 4th wave after facing resistance from 3985usdt to 2679usdt Its the short term bearish scenario
Secondly, There is a cup and Handle formation which is a bullish scenario The pattern must have to break the 3985 resistance by the falling wedge to continue bull zone
There are both bullish and bearish Scenario !
Firstly, It is a falling wedge pattern with 3 wave of Eliot
it can form the 4th wave after facing resistance from 3985usdt to 2679usdt Its the short term bearish scenario
Secondly, There is a cup and Handle formation which is a bullish scenario The pattern must have to break the 3985 resistance by the falling wedge to continue bull zone
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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.
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.