Crypto Market Is Making An Intraday Pullback Within Uptrend

The crypto market is making an intraday pullback within uptrend, as it's trading in a five-wave bullish impulse from an Elliott wave perspective.

Unsplash

The crypto market is making a corrective intraday pullback after we spotted an intraday five-wave impulse into first wave 1. 
It's now trying to continue higher within wave 3 after an a-b-c correction in wave 2, but confirmation is only above 1.18T level. Until then, alternatively still be aware of deeper and more complex wave 2 correction that can retest 1.10 - 1.05 support before the uptrend towards the April highs resumes.

totalcap1h


More By This Author:

Ethereum Is Looking For A Bullish Continuation
Cronos Is In Final Stages Of A Correction
Litecoin Is Breaking Higher As Expected

Comments