Price has completed AB=CD pattern, also a Potential Cypher can be seen, and also
a potential 5-0 pattern is forming.
Price has reached an all time low, and is now testing resistance which falls in the
.618 fib zone ext.
Price has also reached oversold levels for both RSI and Stoch, wherein divergences can be
observed.
If price breaksthru the support level and eventually breaking thru the .618 ext (550-555 prize zone)
then expect price to continue up to 1390-1400 price zone to complete the D leg of the 5-0 before
making a considerable correction to the downside, IF there is a strong momentum to push the price
up then we might see the cypher being completed.
a potential 5-0 pattern is forming.
Price has reached an all time low, and is now testing resistance which falls in the
.618 fib zone ext.
Price has also reached oversold levels for both RSI and Stoch, wherein divergences can be
observed.
If price breaksthru the support level and eventually breaking thru the .618 ext (550-555 prize zone)
then expect price to continue up to 1390-1400 price zone to complete the D leg of the 5-0 before
making a considerable correction to the downside, IF there is a strong momentum to push the price
up then we might see the cypher being completed.