Elliott Waves on BTC, LUNA and FTM hint at correction [Video]

Stavros Tousios Independent Analyst

Bitcoin had a selloff earlier today but has managed to bounce at $42k and move higher since then, let alone since the lows identified last week. Luna also found support at the base channel low, somewhat validating the open diagonal pattern, and looking poised to soar to all-time highs. FTM trades near its previous all-time high, however, the upside looks more corrective than impulsive, suggesting we might be in for a flat pattern. All details, and a lot more analyses are in the video below:

Author

Stavros Tousios

Independent Analyst

Stavros is leading the Investment Research Team at a reputable Forex broker. He has been involved in the financial markets since 2014 and in cryptocurrencies trading since 2017.

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