Elliott waves analysis

The resumption of the upward movement has once again been postponed. Instead, the price chose to deepen the correction, leading to further declines. Now, this entire wave is proportionately comparable to Wave 2 and could take on the role of Wave 4 in the upward movement. However, the fact that it

Regarding the asset under consideration, it appears that the correction continued, taking the form of a converging horizontal triangle. During the past day, the price managed to grow slightly and reach the upper boundary of the specified model, completing the entire corrective structure that is pa

There were no significant changes during the past trading day for the asset under consideration. After exiting the correction range, the price immediately reached the previous high set by Wave 3 and decided not to update it for now. Everything looks as though buyers are gathering strength to execu