Disclaimer! This is my first formal Elliot Wave count so do your own count! Please discuss/comment/link me your alternative interpretations :D
Moving along swiftly...
I believe we have just completed a very extended wave 3 and are now consolidating in wave 4. Retracement to the .382 Fib level seems very probable based on candle analysis, but a 0.5 retracement to around 3000 sat level is also possible to a lesser extent. Expecting good support around these levels and will be buying accordingly. With Goguen Testnet Launch and imminent roadmap update (See Cardano roadmap) the above appears to be a likely scenario producing a 5th wave which could extend to 0.618 (or beyond). I chose .618 as my first target because it coincides with previous support turned resistance (red horizontal line). P&L looks pretty good too.
Let me know what you think, any feedback or alternative opinions much appreciated.
C
Moving along swiftly...
I believe we have just completed a very extended wave 3 and are now consolidating in wave 4. Retracement to the .382 Fib level seems very probable based on candle analysis, but a 0.5 retracement to around 3000 sat level is also possible to a lesser extent. Expecting good support around these levels and will be buying accordingly. With Goguen Testnet Launch and imminent roadmap update (See Cardano roadmap) the above appears to be a likely scenario producing a 5th wave which could extend to 0.618 (or beyond). I chose .618 as my first target because it coincides with previous support turned resistance (red horizontal line). P&L looks pretty good too.
Let me know what you think, any feedback or alternative opinions much appreciated.
C
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.