Update from last analysis:
We didn't get the confirmation we want after that huge shooting star candle, but...
make no mistake, we barely retrace to 0.382 ($174), which is only wave A.
Now we're in a continuation pattern (symmetrical triangle, wave B) that could break to either side.
Considering BCH also rely on BTC's movement, I'm leaning more to the downside,...
It's been an epic ride for both ABC and SV. I'm not here to pick sides, but I think both parties are tired, needs a correction to at least 0.5@158 or deeper to the golden pocket 0.65@%133 before another epic move to the trend resistance (0.618@$420) before another big dump. Be ready for another move!
1. At the time of this writing, TRX bounces off the trend support line (green line), if breaks we will see further decline.
2. RSI also holds on long support around 27 since April.
3. MACD shows sign of crossing soon.