Hey there, everyone! I’m here with the popular coin of the moment, #RAREUSDT.
I’ve already explained it on the chart, but let me briefly summarize. The 5th wave in the Elliott count failed during the uptrend, meaning the rise didn’t get confirmed. In the next attempt, it formed a double top pattern, signaling that the uptrend didn’t get confirmed and is now over. There’s a slight chance we might see a death cat bounce pattern around the 0.085 level, with a short bounce towards the 0.095-0.096 range.
But let’s not forget, “Don’t catch a falling knife!” everyone... Every rise should be seen as a selling opportunity, and that’s where I’ll end my analysis.
What do you think about my analysis? Drop your thoughts in the comments and let’s discuss!
Manage your risk, stay in the game! 🎯🔥
#AlyAnaliz #TradeSmart #CryptoVision #RAREUSDT
I’ve already explained it on the chart, but let me briefly summarize. The 5th wave in the Elliott count failed during the uptrend, meaning the rise didn’t get confirmed. In the next attempt, it formed a double top pattern, signaling that the uptrend didn’t get confirmed and is now over. There’s a slight chance we might see a death cat bounce pattern around the 0.085 level, with a short bounce towards the 0.095-0.096 range.
But let’s not forget, “Don’t catch a falling knife!” everyone... Every rise should be seen as a selling opportunity, and that’s where I’ll end my analysis.
What do you think about my analysis? Drop your thoughts in the comments and let’s discuss!
Manage your risk, stay in the game! 🎯🔥
#AlyAnaliz #TradeSmart #CryptoVision #RAREUSDT
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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.