Hey everyone,
Details in the chart.
Look up the Money Flow Index indicator if you're not familiar with it. It's a very effective indicator on the daily chart - basically combines RSI and Volume.
Expected Price action of this ~35% correction is outlined roughly in magenta color, along with the expected MFI movement. Target of correction is around the $6,000 levels.
Of course, this is not how things will play out exactly, but helpful to put things in perspective: big correction this month followed by strong rally higher (wave 5) going into July.
P.S. This is by no means financial advice, and may be far from how things play out. Trade/invest safely.
Cheers,
Leb Crypto
Details in the chart.
Look up the Money Flow Index indicator if you're not familiar with it. It's a very effective indicator on the daily chart - basically combines RSI and Volume.
Expected Price action of this ~35% correction is outlined roughly in magenta color, along with the expected MFI movement. Target of correction is around the $6,000 levels.
Of course, this is not how things will play out exactly, but helpful to put things in perspective: big correction this month followed by strong rally higher (wave 5) going into July.
P.S. This is by no means financial advice, and may be far from how things play out. Trade/invest safely.
Cheers,
Leb Crypto
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.