Hey guys first analysis here so basically i have no clue what i'm doing but here it goes anyways.
So looking at the MACD we can see that it has crossed the signal line which usually indicates that the market will be going up. After that we look at the Elliot wave and it has also turned to the positive side which again goes together with the price going up. If this is part of a downward wave i couldn't tell you, since i'm pretty new but it could be. If you look at the 4 hour chart you can see that it has had 3 corrections will there be a 4th wave and correct again or will it go up?
Well thats it have fun.
So looking at the MACD we can see that it has crossed the signal line which usually indicates that the market will be going up. After that we look at the Elliot wave and it has also turned to the positive side which again goes together with the price going up. If this is part of a downward wave i couldn't tell you, since i'm pretty new but it could be. If you look at the 4 hour chart you can see that it has had 3 corrections will there be a 4th wave and correct again or will it go up?
Well thats it have fun.