We are Near a 1.618 Retrace which will be the PCZ of our ABCD Harmonic here and i'm actually not sure if it will be strong enough to actually hit it but if it does that will be a very nice place to catch the reversal.
could you take a look at waves for me? thanks! liking your charts
RizeSenpai
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@Tommy_bnks, Glad to hear you're liking the charts. As for WAVES there isn't really much on the higher timeframe hinting at what direction it wants to go so all i can give you are some of the things im seeing in the short term.
Waves has been very choppy as of late and seems to have no sense of direction; it can be assumed that it will follow BTC whatever which way BTC decides to go, as of right now waves it trading within a Support Resistance Zone and if it breaks down below the zone i think it will at least see 22 dollars again. Here's a quick Chart i put together on the lower timeframe showing the current support/resistance zone we are trading within.
it's a very small zone with very little price action but i assume that there are alot of traders pent up there in this one area and that any movement against them would cause a volatile move downwards if the zone were to breakdown.