FTMBTC reached the 0.5 retracement fibo and entering in a past demand zone.
RSI enterting oversold area near the past bounce area on march 2020.
Possible ABC correction before bounce up
Waiting for the bullish signal
Bitcoin dominance coming to the 0.5 retracement area at 53.50%
Some scenarios are possible at that level ....
A) If we are in wave 3, the 0.5 retracement coincides with the 3.618 Fibonacci level. Consequently, a correction could be possible in wave 4 before resuming Bitcoin dominance in a final wave 5.
B) The dominance would target the levels between the 0.5 and...
Potential waves going on ZECUSD
Maybe a bounce on zone to test the high of the triangle
if breakup pattern extraction to zone on graph B tp price plan
undertraded token, its a bet more than trading plan
If price test A and goes down to the buy area the target would be C
possible wolf wawe going
after a hidden divergence between 2 and 4 waves
we have a possible return to test the trendline on A
and if the wolf wawe is stil activ a possible test of the 0.5 retracement of fibo
carefull if it break up to 148800 this scenario will invalid this approach
Total 3 arriving on the 0.382 log fibo retracement chart
Watching closing that level for a potential bounce
In case of break down watching the next 0.5% at 197B that would be a 33% retracement price from the actual level.