Actions on: *Activating Event* -Elliott wave Theory: Eth currently completed a wave 5 combo with a Elliott triangle, where section (E) has bounced from a support Trendline. First i would be looking for a A,B,C Correction, However, If we formed a double Bottom pattern I will be looking for a Impulsive wave 1-5. -Market Sentiment: Overall Bearish, I used news, Tradingview chats and Youtube. -Fibonacci level: at 1.618 -Pattern Formation Falling wedge. -Bullish divergence: today we have done a new low, but RSI closed at higher level.
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