Elliott waves crypto analysis – Wait for a pullback towards 7304.33


Wave Analysis

After the unprecedented Bitcoin come back, this Crypto is yet to show any clear signs of continuing upwards. As long as the price remains above the 7304.33, we expect a possible momentum to the upper side and may break above the 9061.05 handle towards 110866.91. the anticipated bullish price is the continuation of the impulsive wave (c) to the upper side and seeks to correct the previous crash in Bitcoin’s crash. On the hourly chart attached, we expect a correction to the lower side but should not go beyond the support level 7304.33.

Trade Recommendation.

Wait for a pullback towards 7304.33 to long this crpto

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: freshforex.com.