Bitcoin Cash was trapped in a price range between Fibo 23 and 38 And with the completion of the corrective wave on a flat surface as well as touching the 38% Fibonacci We expect it to experience a 50 to 61 percent correction and then continue its upward trend
Due to the fact that the price dropped very quickly, it was able to drop up to 62% of Fibonacci At this level with a price return and Kandel Hammer The probability of falling is up to 78%, but it depends on the waves that will be created Prices will play around this But again, we think the trend is upward
If Price can break the resistance line, the wave 3 will stabilize from wave 5, which we expect to be able to rise to around 250 on this day.
Due to the completion of wave 4 from wave 3 and the start of wave 5 from wave 3, we expect wave 5 to 8752 to come down and then the main wave 4 will start, which can rise up to 9300 and then a drop to 8100.
The top two white lines are the same as the main Bitcoin downtrend line of 19,000, and the green line clearly shows the divergence in the macd indicator. A supply level can be seen in the price range of 10000. The upward trend, which started at $ 3,750, is the same as the Elliott correction wave, which can be counted below the wavelengths and with the approval of...