In this detailed Elliott Wave analysis on the 15-minute BTCUSDT chart, we observe the completion of a 5-wave impulsive move, potentially setting up for a corrective ABC pattern. The price action has already delineated waves (A) and (B) of the corrective structure, suggesting that wave (C) might follow, leading to a potential downtrend.
Key levels and...
The chart depicts the price movement of the BENDOGUSDT Perpetual Contract on a 15-minute timeframe on Bybit. The chart illustrates an Elliott Wave analysis with the following key points:
1. **Elliott Wave Count**:
- Wave (1) starts at the bottom, moving up to a peak.
- Wave (2) is a corrective wave, moving down.
- Wave (3) is an upward impulsive wave,...