Nice ascending channel thats following mid trade trade line nicely.
Mid trade line can be used to see where key resistance/support can be tested.
Suspecting we are following a third leg up in a Kondratieff wave.
Creating a fifth ascending elliot wave and possibly creating a first larger ascending wave.
We could see the fifth wave touch the top of the channel at $12-13k or higher before seeing a descending reversal pattern.
Mid trade line can be used to see where key resistance/support can be tested.
Suspecting we are following a third leg up in a Kondratieff wave.
Creating a fifth ascending elliot wave and possibly creating a first larger ascending wave.
We could see the fifth wave touch the top of the channel at $12-13k or higher before seeing a descending reversal pattern.
Not
traveling up the mid trend line nicely.Should know soon if we cross below it or if it remains a support line.
Not
Staying above the mid trend lineEstimated EW pattern holding support
Not
$11200 support stopped the initial bleeding. Could be the end of an up trend.1 hour RSI and MACD seem bearish. Maybe we continue upward below the mid channel for a bit or maybe we are seeing a pivot. Pretty dramatic but still within ascending channel.
Not
Failed wave. Could be a pivotNot
Its possible we have a 7 wave count. Im learning.Not
Looks like wave 2 of a larger waveNot
Possible end of correction wave. Should know soon. Still could be bearish as descent was steep
Not
Seems the correction wave ended and we are seeing a tight channel for now.
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.