Wave Analysis: Wave 2 possibly ending today
Hello and happy Friday to everyone. I hope you all enjoy your weekend! Looks like we might have a positive one for a change as today has show a bit of a downtrend for most the Crypto market.
For some, it appears they are consolidating/correcting today.
Cortex is possibly in an Impulse wave, having already completed wave 1 and currently in wave 2 for correction.
Correction has already dipped below the .236 fib. I am seeing a pattern that's telling me somewhere near the end of todays daily candle, we'll see the start of the 3rd wave.
I have two fib retracements to have a range to take into account for movement.
MACD
It's at the PINCH! Looks to be indicating the switch to the uptrend.
RSI-X
Not great. Still more near being oversold and the VOL-X is pointing down.
Stoch
Moving where I think it should be, Up, open, and hopefully it'll open up a bit more as the day continues.
Waiting on confirmation for how todays candle ends to know where things will be going. It could continue in a further downward correction if the volume doesn't improve.
Expect a large sell off between .5-.618 fib. Similar to the May 27th candle. It got near that .5 fib and it saw a large sell off.
Enjoy your weekend, hope you all have something fun planned! Stay safe!
For some, it appears they are consolidating/correcting today.
Cortex is possibly in an Impulse wave, having already completed wave 1 and currently in wave 2 for correction.
Correction has already dipped below the .236 fib. I am seeing a pattern that's telling me somewhere near the end of todays daily candle, we'll see the start of the 3rd wave.
I have two fib retracements to have a range to take into account for movement.
MACD
It's at the PINCH! Looks to be indicating the switch to the uptrend.
RSI-X
Not great. Still more near being oversold and the VOL-X is pointing down.
Stoch
Moving where I think it should be, Up, open, and hopefully it'll open up a bit more as the day continues.
Waiting on confirmation for how todays candle ends to know where things will be going. It could continue in a further downward correction if the volume doesn't improve.
Expect a large sell off between .5-.618 fib. Similar to the May 27th candle. It got near that .5 fib and it saw a large sell off.
Enjoy your weekend, hope you all have something fun planned! Stay safe!
Cosmos Blockchain Explorer: explorer.thesilverfox.pro
Validator website and Cosmos Blockchain Unbonding Charts: thesilverfox.pro/
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Validator website and Cosmos Blockchain Unbonding Charts: thesilverfox.pro/
Click on blockchain icon and wait for them to load.
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