š $VIRTUAL ā Looking for a Bounce
Last week, price got rejected from the resistance area at $0.75 and turned lower, breaking previous support into a double correction.
The current structure from the peak is showing a larger 3-swing decline, which has reached the target area of $0.58 ā $0.53.
Buyers are expected to enter within this short-term range, looking for a reaction higher to take place at least within a 3-wave bounce.
Will bulls hold the August low and start a new cycle to the upside?
#Crypto #Trading #ElliottWave
Last week, price got rejected from the resistance area at $0.75 and turned lower, breaking previous support into a double correction.
The current structure from the peak is showing a larger 3-swing decline, which has reached the target area of $0.58 ā $0.53.
Buyers are expected to enter within this short-term range, looking for a reaction higher to take place at least within a 3-wave bounce.
Will bulls hold the August low and start a new cycle to the upside?
#Crypto #Trading #ElliottWave
