$FOMO
Heating UpSnapshot Window: 2026-08-09 10:30 UTC ยท โ Back to Crypto Overview
Social Momentum Summary
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Still favouring a deeper Wave 2 correction in #OIL towards the $71 area. That could coincide with a further near-term advance in #BTC and #Crypto. But the bigger setup may come afterwards. Oil will likely show hidden bullish divergence once Wave 2 completes, then the preferred
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AI visual note: A TradingView 4-hour chart of US Oil (USOIL/WTI Crude Oil, CFDs) showing a developing Elliott Wave pattern, with Wave 1 peaking near $83 and Wave 2 in progress, currently priced at $77.07, targeting the 0.786 Fibonacci retracement around $74.54 down toward ~$71, alongside an RSI (14) at 46.32. The chart visually supports the post's call for a deeper Wave 2 correction in #OIL toward the $71 zone before a bullish reversal.