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The Crypto market is back down again on the intraday basis as expected and with the current sharp intraday decline exactly from the projected resistance area, we can easily expect more downside pressure, just be aware of more sideways price action before real bears show up.
EGLD/USD can be still eyeing a strong projected 50 support level at the former wave 4 for wave C after we noticed five waves of decline into wave A and three wave correction in wave B, So, be aware of that final sell-off before the market finds the support and turns back to bullish mode.
EGLD/USD Daily Elliott Wave Analysis
ZEN/USD is already at July 2021 lows for wave C, but we want to see a completed extended wave (5), where final sub wave 5 of (5) is still missing. So, watch out for that final sell-off, ideally towards a strong 20 support level and then we will expect a bullish reversal.
ZEN/USD Daily Elliott Wave Analysis
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