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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Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
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➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.