Elliot Wave might be too premature, just decided to mess with it giving there are strong fundamentals on ETC.
Wave 2 can bounce on fib retracement level and start wave 3. Not convinced on this...
However, we also seem to be near the neckline of a H&S which could bring us down, giving there is lack of buying volume and the general trend is down. This could create a double bottom giving another chance to buy in and pick up volume. That would probably give us more upwards momentum, which atm seems pretty dead.
Wave 2 can bounce on fib retracement level and start wave 3. Not convinced on this...
However, we also seem to be near the neckline of a H&S which could bring us down, giving there is lack of buying volume and the general trend is down. This could create a double bottom giving another chance to buy in and pick up volume. That would probably give us more upwards momentum, which atm seems pretty dead.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.