Volume/price divergence and resistance from Wave 1 retracement
If BTC breaks 5290
Bullish case if BTC does not break 50,290
First buy zone --> 48.78 - 51.77 Second buy zone --> 39.51 - 49.53 Possible bounce from 51.77 to fill gap up to 59.47
1 - Day Log scale (Coinbase) Trade within blue range --> enter green --> breakout or rejected Fall out of blue range --> bounce off 4077 support Fall out of blue range --> bounce off 3042 support or fall into red range (3042 - 2434)
Possible ETH cup & handle forming. First target 180 Second target 206
Completion of Elliot Wave ABC correcction
Daily log scale with long-term trendlines and Fib retrace from all time high to projected low as guidance for future movement.
