Hello, Skyrexians!
I tried multiple times to understand what is happening on
ADAUSDT chart. The Elliott waves analysis was too complicated and I didn't share anything, but today I found the scenario which fits with the trading system rules.
Let's take a loot at the weekly time frame. The bull market wave 2 has been finished with the green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] then the wave 3 has been started. Technically it could be finished at 1.61 Fibonacci and Awesome oscillator tells us that it's not the trend finish, but anticipated wave 4 has significantly overlapped the wave 1. It can't be wave 4 and it can't be trend finish. It means that now price is entering into the wave 3 inside 3 and the higher degree wave 3 has the target mush higher approximately at $3.
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
I tried multiple times to understand what is happening on
ADAUSDT chart. The Elliott waves analysis was too complicated and I didn't share anything, but today I found the scenario which fits with the trading system rules. Let's take a loot at the weekly time frame. The bull market wave 2 has been finished with the green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] then the wave 3 has been started. Technically it could be finished at 1.61 Fibonacci and Awesome oscillator tells us that it's not the trend finish, but anticipated wave 4 has significantly overlapped the wave 1. It can't be wave 4 and it can't be trend finish. It means that now price is entering into the wave 3 inside 3 and the higher degree wave 3 has the target mush higher approximately at $3.
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.