After reaching a strong resistance and multiple attempts to break it, can see bears are getting stronger, we can see bars with huge shadows and a double top formed and to me looks like a lower high short setup expecting a measured move down!
NFA
Previously I have published an idea for OPUSDT.
Now, I made adjustments to the current wave count.
The price successfully overcame the uptrend line, forming an impulse in the assumed wave 1.
At the moment, wave 2 is being formed, in which the most highly effective trades are opened (according to trading rules by Elliott Waves).
I opened a short position and plan...
An ABC upward correction pattern has been formed, for a downward wave A.
At the moment the price broke through the uptrend line and it is likely that the formation of the intermediate wave 1 will be completed soon.
I will sell the coin on the correction in wave 2, from where I will expect a deep price decline to the level of $0.1.
Overall, short pos has...
Loss of bullish momentum in a bearish breakout after reaching the fib 0.5.
An obvious rising wedge with three push pattern making it extremely bearish.
NFA
