This chart represents a possible Elliott Wave analysis with five
Key Points:
Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start.
Support Level: The price is currently testing a key support level. Holding this level could push the price upward.
Target: The next strong resistance is expected between 0.8451 – 0.8877, aligning with Fibonacci retracement levels.
Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5.
Conclusion:
If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.
Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start.
Support Level: The price is currently testing a key support level. Holding this level could push the price upward.
Target: The next strong resistance is expected between 0.8451 – 0.8877, aligning with Fibonacci retracement levels.
Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5.
Conclusion:
If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.
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.