RSI 72 is a key level on the 6 hr.
I also believe we are in a very large Wave 2, 10 K will act as final entry point for our wave 3 taking us to 30K USD before summer. Wave 4 come down to 20K and Wave 5, minimum 50K
The elliot wave chart
I also believe we are in a very large Wave 2, 10 K will act as final entry point for our wave 3 taking us to 30K USD before summer. Wave 4 come down to 20K and Wave 5, minimum 50K
Trade active:
Broke the local downtrend & 0.5 fib
Comment:
Closer view and alternate scenario using pink arrows
Closer view and alternate scenario using pink arrows
Comment:
I changed to 4hr chart thats why the UO trend lines don't line up as they did on the 6 hr
Trade closed manually
Seeing delayed continuation of similarity to not so distant future price action.
Rising wedge has formed and is near breaking out on the downside which it is predominantly known for doing.