Along with the "Rising Wedge" (1) and the level of 0.618 Fibonacci (2), five Elliott waves have come to an end and 3 waves are correcting (3).
All this indicates the beginning of a correction of the growth that began in early April.
Nearest support levels:
8500 $ - 0.382 Fibonacci
8146 $ - 0.5 Fibonacci
All this indicates the beginning of a correction of the growth that began in early April.
Nearest support levels:
8500 $ - 0.382 Fibonacci
8146 $ - 0.5 Fibonacci
Comment:
The news came that Bitfinex printed 130 million Tether. There are no volumes of procurement yet - without panic. If suddenly they start buying up - the forecast can be canceled.
Comment:
on the 15-minute chart, five Elliott waves have come to an end, and 3 corrective waves begin, which together form a head and two shoulders, followed by a drop to 8500.