Possible reaction (bearish) once it taps the median line. And is close to the -0.236 fib target.
This is purely my opinion and sharing my thoughts on this pair. Violent moves in this particular pair - making it very very risky indeed. Right now - waiting on more data for the next few days or so to confirm whether or not B is complete - assuming that we are in the part of the elliott wave theory (as shown on the chart) Did a full history of this pair on...
Assuming that the 4th wave has just completed and high probability for a 4th wave is between 23.6% and 38.2% of the 3rd wave in an impulsive / motive wave. Reaction near the 38.2% fib level of the 3rd wave - looks more likely to be a 1 wave of the 5th wave on a higher degree or else a reactionary X wave. This is purely my opinion.
This is just a potential roadmap for the long term. (not setting any targets) After hitting median line of pitchfork drawn from major swings. Retracement is imminent as EOS is making parabolic movements to reach / break ATH of $18.67. However, it could pierce right through the median line and push a little bit higher. Hurry up and wait ... RSI shows bearish...
Hi guys I am new to trading and technical analysis. If I have made any mistakes - please let me know. The chart is messy - I do apologize, but tried to put in as much information as possible to help me gauge an idea of what could possibly happen with Verge. Verge initially was forming an ABCDE corrective pattern or triangle, however with the recent trend of...