In the dynamic world of crypto trading, understanding Elliott Wave Theory can unlock valuable insights. The flat-zigzag-triangle pattern, a trio of corrective structures, holds significance for traders navigating those markets.
Flat Correction: These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C, extending past A's termination, signals potential shifts in the crypto trend.
Zigzag Correction: Known for swift and impactful movements, zigzags (A-B-C) showcase rapid price swings. Watch for wave C, often surpassing the origin of wave A, indicating potent market momentum.
Triangle Correction: Crypto volatility finds a different form in triangles, manifesting as five-wave structures with converging trendlines. Tightening price ranges hint at imminent breakouts.
This is too early to be 100% but it is the pattern with the most pain; time pain!
Follow for more!
Flat Correction: These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C, extending past A's termination, signals potential shifts in the crypto trend.
Zigzag Correction: Known for swift and impactful movements, zigzags (A-B-C) showcase rapid price swings. Watch for wave C, often surpassing the origin of wave A, indicating potent market momentum.
Triangle Correction: Crypto volatility finds a different form in triangles, manifesting as five-wave structures with converging trendlines. Tightening price ranges hint at imminent breakouts.
This is too early to be 100% but it is the pattern with the most pain; time pain!
Follow for more!
Not
Trade still in play. Correction (triangle formation) will be confirmed once Altcoins experience a surge.
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.