INTERPRETATION
ICXBTC may seem like comfortable entry but please take caution of the possibility of further correction. With the positive buy markers (ie Tenkan & Kinjun positions, cloud buy pressure w/positive price, all-time-high approach) it can be easy to have some oversight. If the suspected prediction above hold true, then expect the price to gradually increase towards the all-time-high followed by a downward movement to complete final corrective wave before restarting the cycle.
POSITION
none
ICXBTC may seem like comfortable entry but please take caution of the possibility of further correction. With the positive buy markers (ie Tenkan & Kinjun positions, cloud buy pressure w/positive price, all-time-high approach) it can be easy to have some oversight. If the suspected prediction above hold true, then expect the price to gradually increase towards the all-time-high followed by a downward movement to complete final corrective wave before restarting the cycle.POSITION
none
Trade active
INTERPRETATIONAs suspected, there was an additional correction period. The next prediction is the start of a new Elliott Wave cycle. If this is true, then expect a large bullish run.
BUY SIGNALS
-upcoming green cloud (buying pressure)
-possible end to Corrective Wave
CAUTIONS/CONFIRMATION
-red cloud support breakout resisted
POSITION
Entry @ 7200-7500 (if all buy signals present)
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.
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.