As anticipated,
WULF pulled back 6.4% today, in line with the ongoing corrective phase of Wave (iv).
📉Wave Analysis
The extending impulsive Minor Wave C may have completed internal subwave (iii) of Minute Wave iii(circled), peaking slightly above the 10.50 Fibonacci extension target. As anticipated, a sharp retracement in Wave (iv) is now unfolding, with price declining toward the 0.382 Fibonacci retracement level. >> 7.80
📈Trend Analysis
The upward trend — with a potential final rise of 66% and a technical target 🎯near $13 — is expected to continue into mid-September. Once the structure of Minor Wave C completes, the countertrend advance of Intermediate Wave (B) — the second leg of a developing flat correction in Primary Wave ②, in progress since April 9 — will likely give way to a similarly graded decline in Wave (C), possibly extending through year-end.
#CryptoStocks #WULF #BTCMining #BitcoinMining #BTC
WULF $MARKETSCOM:BITCOIN
BTC
BTCUSD
📉Wave Analysis
The extending impulsive Minor Wave C may have completed internal subwave (iii) of Minute Wave iii(circled), peaking slightly above the 10.50 Fibonacci extension target. As anticipated, a sharp retracement in Wave (iv) is now unfolding, with price declining toward the 0.382 Fibonacci retracement level. >> 7.80
📈Trend Analysis
The upward trend — with a potential final rise of 66% and a technical target 🎯near $13 — is expected to continue into mid-September. Once the structure of Minor Wave C completes, the countertrend advance of Intermediate Wave (B) — the second leg of a developing flat correction in Primary Wave ②, in progress since April 9 — will likely give way to a similarly graded decline in Wave (C), possibly extending through year-end.
#CryptoStocks #WULF #BTCMining #BitcoinMining #BTC
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.