💲This post is a direct continuation of my previous post in which I wrote about the probability of the next downward wave:
💲The declines continue today.
💲The prospect of declines to the designated support zone is still active.
💲It has been determined on the basis of two fibo levels. The first is 0.886 of the 2020-2021 downward wave. The second is the 0.5 level of the 2021-2022 wave.
💲Looking at the technical analysis indicators, at first glance we can see that we are under the 50 and 200 period moving averages, so MACD will soon join RSI in generating pro-dips signals.
💲Looking at the behaviour of the price at the current moment, I have no doubts about declines.
💲But it is worth keeping in mind that anything can happen.
💲The scenario I am playing out is a continuation of the falls to the designated support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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