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Horizontaltriangle

ETH Elliott Wave Analysis | Liftoff in progress? We have a plausible wave count that shows signs of a possible completion of the larger degree correction, and sub-waves 1 and 2 of a larger degree impulse wave. The sub-waves consist of an impulse wave and a horizontal correction (triangle pattern). We are currently inside an impulse wave, shown in the light gray, where the wave count is not confirmed yet. There is likely to be a correction wave coming up once the impulse wave is complete, but as long as it doesn't retrace more than 100% of wave 1 (which is around 822 levels), then the wave count will remain valid as well as the uptrend. In the case that the upcoming correction does drop below this level, then a Elliott Double Combo wave (WXY) might form where ETH might retry for an impulse wave, or in the more extreme case, cause the continuation of a larger degree downtrend.
KRAKEN:ETHUSD
by madwarrior
NEVERENDING CORRECTION! ;)Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Do not trade! Hard situation! Possible we see the formation of Ending Diagonal Triangle!? Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
COINBASE:LTCUSD
by POWERFUL_TRADERS
1