First of all let me tell you that I am not an expert in chart analys. I've not been doing this for a long time, I just really like charts since ever! :)
So, resistance line was formed back in november 2017, just bofeore the huge "mooning" point. We can see the 5 elliot waves to the top and then 5 correction one pointing into that resistance line. According to my chart analys, we are now in final wave, going down to around $6100-$6500.
Thoughts? Please no hate comments, correct me / give me your opinion rather than hate :)
So, resistance line was formed back in november 2017, just bofeore the huge "mooning" point. We can see the 5 elliot waves to the top and then 5 correction one pointing into that resistance line. According to my chart analys, we are now in final wave, going down to around $6100-$6500.
Thoughts? Please no hate comments, correct me / give me your opinion rather than hate :)
Comment:
As you can see, my support line at 6100 was right call. it dropped faster than i expected but now we are seeing some bullish signals so the better days are comming! =)