We can see a type of triangle going on on this Cryptocurrency, we have an Elioot Impulse wich was the top and started consolidting, ABCs going on and I used ghost feed to show what Im expecting to happen, scroll down to see Eliott Impulse.
Note
4H Chart - We can see a clear Eliott Impulse, if you measure the first wave you'll have 11263043180 Pips ( x 1.618 = 18223603865.24 Pips = Third Wave). We can see it was the highest price and then it started consolidatingNote
Trade was completed and about to reach -0.27 retracementNote
-0.618 reachedNote
We can see yesterday cryptocurrenccies had a downfall, because most of them are forming there first or second wave, on this case I followed bullish impulse for months so I could catch second wave on ETH and an Elliott Impulse was completed.- if you measure 0-1 (first wave) it will give you 31963782551
- multiply 31963782551 times 2.618
- (31963782551 x 2.618 = 83681182718.518)
- 4-5 measures 83681182718.518 (third wave)
You can see it was completed right around top and began bearish impulse.
- I used same Fibonacci measure from last analysis so you can see how all corrections are at -0.27, -0.618 and -1.618.
- Even used MACD to show how Elliott Impulse was respected
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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.
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.