We got the 5th wave, and now it goes to 0,382 fib retracement.
at 2 hours timeframe, RSI nearing oversold, I expect another jump.
Will it make another ATH..?
But at daily timeframe, RSI is already at overbought, so I expecting the next jump will halt at around 0,236 fib, and then goes down again to around 0,5 to 0.618 fib, or maybe even more, making A-B-C correction, making a perfect Elliot Wave, and then make another new wave, hoping for another new ATH.
at 2 hours timeframe, RSI nearing oversold, I expect another jump.
Will it make another ATH..?
But at daily timeframe, RSI is already at overbought, so I expecting the next jump will halt at around 0,236 fib, and then goes down again to around 0,5 to 0.618 fib, or maybe even more, making A-B-C correction, making a perfect Elliot Wave, and then make another new wave, hoping for another new ATH.
Comment:
breaking resistance, and moving up. maybe it's really a sign of reversal. good to buy
bounce back at 0.618, good price to buy, but I would not recommend it, as market is still unstable.