Wave Analysis: Wave 2 possibly ending today

2021년 5월 28일

Hello and happy Friday to everyone. I hope you all enjoy your weekend! Looks like we might have a positive one for a change as today has show a bit of a downtrend for most the Crypto market.
For some, it appears they are consolidating/correcting today.

Cortex is possibly in an Impulse wave, having already completed wave 1 and currently in wave 2 for correction.

Correction has already dipped below the .236 fib. I am seeing a pattern that's telling me somewhere near the end of todays daily candle, we'll see the start of the 3rd wave.

I have two fib retracements to have a range to take into account for movement.

MACD
It's at the PINCH! Looks to be indicating the switch to the uptrend.

RSI-X
Not great. Still more near being oversold and the VOL-X is pointing down.

Stoch
Moving where I think it should be, Up, open, and hopefully it'll open up a bit more as the day continues.

Waiting on confirmation for how todays candle ends to know where things will be going. It could continue in a further downward correction if the volume doesn't improve.

Expect a large sell off between .5-.618 fib. Similar to the May 27th candle. It got near that .5 fib and it saw a large sell off.

Enjoy your weekend, hope you all have something fun planned! Stay safe!