Eng spk
**📈🚀 Confluence Points and Complete Analysis! 🚀📉**
Fellow traders, here's our technical and fundamental analysis for today, and all signs seem to point to the same area! 🔍
### Technical Analysis:
- **Wave 2**: We are currently in a wave 2 on the daily chart, which is part of a **larger wave 3**.
- **Fibonacci Retracement**: This wave 2 has an average correction of 65%, bringing us to the **C wave zone** of an ABC correction.
- **Fibonacci Confirmation**: The 161.8% Fibonacci level further supports this theory, adding solid justification to our analysis.
### Fundamental Analysis:
- **Market Imbalance**: An imbalance is identified around **$62,000**, where market makers might exploit the impatience of amateur investors to liquidate their positions.
- **Buying Opportunity**: This could create a "banana zone" ripe for a strong rise, as positions are built for an upcoming increase! 🚀
Additionally, the convergence of the **large C** and **small C**, the **historical support** (green line from the ATH), and the **RSI** favoring a movement, not to mention the **Hash Ribbon signal** that flashed recently, add to this potential opportunity.
Friendly reminder: This is not financial advice, but what more do you need?! 😄🚀
Be ready for action and stay tuned! #Trading #Crypto #TechnicalAnalysis #ReadyForAction