CVT bounce from 0.618 Fibo, retested previous resistance, which became support now. The price broke up Kumo cloud and going up now. On 4 hours it's finishing wave 5,
which is wave 1 on 1D. After 2nd wave finishes on daily, there is an entry.
which is wave 1 on 1D. After 2nd wave finishes on daily, there is an entry.
Comment:
BTC destroyed the party. Price is bouncing but the move doesn't look convincing. I wouldn't re-enter now, more safe to wait for uptrend confirmation from the retest of pink horizontal line.
Cryptanika