After a large upward movement, a small correction is expected towards approximately 4300, to then reach higher levels.
After a large upward movement, a small correction is expected towards approximately 4300, to then reach higher levels.
apparently after completing 3 waves in the medium term we would expect the fourth wave to fall to the 29000 and 28600 levels
After the big surprise rise, we apparently reached the final top of an ADCDE formation. serious drops may be expected.
According to the ascending pattern, it indicates that we can visit the 3950 level.
I would wait for a new fall to complete wave No.2 at the 17600 levels and then wait for a good upward bounce.
the btc is respecting a pattern, if all goes well we could see the 100k level soon.
After the bearish break of the pattern, the visit to lower levels would be expected.
Although it could lack a bit of fall, I think we are already very close to the ground. breaking upwards area of 25,500 we could visit the area of 44,000.
If the price stays above 4360 / 4330 the upside target is around 4550 / 4600.
some moves are missing to complete the fall. pay attention to the important levels marked.
it seems that the price in the short term is going to complete 5 waves to levels 4400 / 4390 and from there jump to 4550 / 4600
the key resistance is now at the 4590 / 4600 levels, if it respects, the falls could first reach 4300 points and from there to 4000. with enough selling force we could reach 3900 even 3750
still missing fall here. If it doesn't break above the 4490/4500 levels, the bears will remain in control. proceed carefully.
Breaking down the 4200 and 4100 levels we could witness a big drop in this index and in the economy.
Important indicators point to further declines. losing the 4200 level we would be in the presence of a very important fall, I think that everything will depend on the results of the geopolitical conflicts. On the contrary, if we break the 4500 upwards we could see the 5000 level in a short time, but for now the chart looks a bit complicated.
waiting for the price to reach the lower levels marked
geopolitical tensions and problems added to the mixed employment data in the usa push the price down more and more