Many indications point to yes but we never really know with Crypto.
- ABCDE Correction formed a , usually after E wave we will break the triangle
- Total correction has reached 78% Fib Level, there is not much more support under this range and will fall right down to the 100% retracement if the 78% level cannot hold
- Large to the left between W1+2 (Red ), this gives more support around the 78% level to hold and hopefully bounce off
- Divergence between the candle pattern and pattern, this is another indication as we are trending out of the oversold conditions
- Reversal may take place after a bounce off , as the price trend moved toward the 78% level, the began to trend the opposite way creating divergence which would also show more support at this Fibonacci Level
Please let me know what you think!
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