This graph contains two sequences.
The green sequence is part of the yellow sequence.

The yellow sequence has not been activated yet. It will be activated when the chart passes the price of 7.04

The green sequence was activated at the price of 8.1204. Then the coin went a good CC way, made a retest of the activation level and started moving into the sell zone from 7.0332 to 6.4883.

After that, a full correction of the entire green sequence movement is expected

Translated with DeepL.com (free version)
Beyond Technical AnalysisFibonacci

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