Crypto Market Forms A Bullish Setup

8월 2일

Crypto market made a nice bullish setup formation with a five-wave rally in July, followed by an a-b-c flat correction. It has just came nicely into projected 2.2T – 2.1T support area within wave »c« of an a-b-c flat correction in wave (2), from where we should be aware of a bullish continuation within wave (3). However, keep in mind that we have important NFP report (US jobs data) today, so it's recommended to wait on confirmations, which is sharp or impulsive bounce back above 2.45T level.