In the weekly timeframe we have a classic starting diagonal that was completed last August.
We are now correcting the whole uptrend from March 2020, in a zig-zag.
Normally we would have a 100% extension from waves A-B, which would take us all the way down to the $2 region (yellow rectangle).
Of course, the 100% extension is not a requirement for a zig-zag, but only a break of $6.20 would make me consider the correction is over.
We are now correcting the whole uptrend from March 2020, in a zig-zag.
Normally we would have a 100% extension from waves A-B, which would take us all the way down to the $2 region (yellow rectangle).
Of course, the 100% extension is not a requirement for a zig-zag, but only a break of $6.20 would make me consider the correction is over.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.