Category: Tether (USDT)

End of E ascending Elliot Wave, beginning of correction wave A

Struggling to pass the 7200$ resistance, the end is near for the E wave.

If BTC goes to $7500+, then it will invalidate the pattern, as the 3rd wave would have a smaller amplitude.

Nonetheless, RSI is clearly showing signs of overbought. MACD crossed 3 or 4 days ago but can be taken into account as it does not had enough momentum.

In conclusion, solid short …

This article was originally published on: The Tether Blog on