YFI Elliott wave count
YFI possibly finishing wave 4 here. this count will still be valid if it dips further, unless it dips below wave 2. since it has already dipped below wave 1 this can only be considered a leading diagonal, otherwise the count is invalid.
if this plays out as a leading diagonal, then the top of this cycle can easily be located when near the trendline resistance that connects the tops of wave 1,3 and 5
on of the possible Top locations would be around the 1.618 fib level from the 4th wave which places it around 140k
the current indicated waves can be confirmed by the MTF Wave stoch RSI (2nd indicator from top) on different timeframes...
if this plays out as a leading diagonal, then the top of this cycle can easily be located when near the trendline resistance that connects the tops of wave 1,3 and 5
on of the possible Top locations would be around the 1.618 fib level from the 4th wave which places it around 140k
the current indicated waves can be confirmed by the MTF Wave stoch RSI (2nd indicator from top) on different timeframes...
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