[DAY] Elliott Waves Forecast for YFIBTC
YFIBTC shows a very distinct ABCDE pattern that started on Sept 12th 2020 and ended on Feb 9th
The pair is now bullish with 5 waves swing completed on Feb 12th
Now the question remains whether the correction ended or whether we are in a B that will be followed by a C towards the 0.77 level
I prefer the second scenario considering the current choppiness of the market
At contrary if the previous high is overtaken, it would be a strong buy signal
The mid term/long term target is not well defined but in any scenario it would be of course higher than the major A
See further updates in comment section
The pair is now bullish with 5 waves swing completed on Feb 12th
Now the question remains whether the correction ended or whether we are in a B that will be followed by a C towards the 0.77 level
I prefer the second scenario considering the current choppiness of the market
At contrary if the previous high is overtaken, it would be a strong buy signal
The mid term/long term target is not well defined but in any scenario it would be of course higher than the major A
See further updates in comment section
Dagangan aktif
ABC looks complete
Penerbitan berkaitan
Penafian
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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.