{"id":343434,"date":"2024-07-13T09:26:38","date_gmt":"2024-07-13T03:56:38","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=343434"},"modified":"2024-07-13T09:26:38","modified_gmt":"2024-07-13T03:56:38","slug":"correcting-back-in-wave-c-of-an-abc-pattern-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/correcting-back-in-wave-c-of-an-abc-pattern-crypto-news\/","title":{"rendered":"Correcting back in wave C of an ABC pattern &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>USD\/CHF is correcting back after the rally in late June and early July.\u00a0<\/strong><\/li>\n<li><strong>It is currently unfolding the wave C of an ABC corrective pattern.\u00a0<\/strong><\/li>\n<\/ul>\n<p>USD\/CHF is declining in what looks like the wave C of a three-wave ABC correction. The correction is from the rally that took place between the June 18 lows at 0.8827 up to the July 3 peak at 0.9051.\u00a0<\/p>\n<h3 class=\"fxs_headline_medium\">USD\/CHF Daily Chart\u00a0<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_USD_CHF_2024-07-12_15-14-41-638563878360625786.png\"><\/a><br \/>\u00a0<\/p>\n<p>The pair has not yet reached the end of wave C and could still fall further, however, it has reached the conservative target for C, which is the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/support-resistance\/fibonacci\" data-fxs-autoanchor=\"\">Fibonacci<\/a> 0.618 ratio of the length of wave A.<\/p>\n<p>If <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdchf\" data-fxs-autoanchor=\"\">USD\/CHF<\/a> falls further it could find support at the 200-day Simple Moving Average (SMA) at 0.8883.\u00a0<\/p>\n<p>Alternatively, a close above the July 10 high and the 50-day SMA at 0.9007 would probably signal a reversal higher, with the next target at 0.9051, the July 3 high.\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CHF is correcting back after the rally in late June and early July.\u00a0 It is currently unfolding the wave C of an ABC corrective pattern.\u00a0 USD\/CHF is declining in what looks like the wave C of a three-wave ABC correction. The correction is from the rally that took place between the June 18 lows at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,308,597,256,254],"class_list":["post-343434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=343434"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343434\/revisions"}],"predecessor-version":[{"id":343441,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343434\/revisions\/343441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4629"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=343434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=343434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=343434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}