Elliott waves crypto analysis – We’re long from 6390.01


We're long from 6390.01

Wave Analysis

Still no significant move has been seen on this Crypto. Bitcoin continues to rally above the 4 hour support zone 6390.01-6911.46 and is not showing any signs of breaking below it. As long as the price remains above this zone, we expect a possible momentum to the upper side. If you’re not already in a long position, you could wait for a second correction towards 6390.01 to pick a long term long position with an ultimate target at 12,711.86. This view can only be invalidated in case the price breaks below 6390.01.

Trade Recommendations:

We’re long from 6390.01

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