We seem to be in Wave 3 of an elliott wave starting in mid july (purple line). Within this Wave 3 we see a smaller elliott wave (pink line) in which one of two paths is likely. Both possibilities are likely to hit ~$4650 before seeing some resistance.
There seems to be good support at around $4225 so if we see some downward trends in the next few days that is where I'd expect it to turn around and head towards the target of ~$4650.
** I have only recently started looking into technical analysis and have taken it upon myself to post semi-regularly for practice. Comments and critiques gladly welcomed. I would especially appreciate conflicting analysis ideas.
There seems to be good support at around $4225 so if we see some downward trends in the next few days that is where I'd expect it to turn around and head towards the target of ~$4650.
** I have only recently started looking into technical analysis and have taken it upon myself to post semi-regularly for practice. Comments and critiques gladly welcomed. I would especially appreciate conflicting analysis ideas.
Nota
Looks like we dipped down a little faster than I expected. Given the momentum, I wouldn't be surprised to see the price fall to ~$4100 before consolidating upwards.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.