Cross10XSignals

ARBUSDT Elliott wave count

BINANCE:ARBUSDT   ARB / TetherUS
Ending diagonal wave ((c)) of 2 is preferred status for this price action.
We are watching for evidences and clearing wave (4) 1.5915 will increase the chance to turn the price up.
Price reached at a key support level, 0.618 fib retracement of wave 1.
Also a possible oscillators indicators divergence at this level.
Comment:
Updated wave 2 into a complex correction.
Near term resistance level remains 1.5915

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.